Crypto Exchange Bybit Open-Sources an LLM Knowledge Compiler That Refuses to Use Embeddings

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bybit-exchange/kaas appeared under the exchange's official GitHub org on 2026-07-29 and reached 70 stars with commits as recent as August 2. Rather than chunking and embedding, it compiles raw notes, docs and transcripts through a four-phase Extract, Classify, Write, Index pipeline into human-readable Markdown articles you can edit and version-control, with retrieval done LLM-iteratively from a master index down to page selection and article context. The stack splits a Go backend for the REST API, worker pool and MCP endpoint from a Python daemon running the LLM pipeline, with React on top and SQLite by default. It exposes a single ask(query, paths?, model?) tool over MCP with cited answers, in both stdio and HTTP transports. MIT, self-hosted. No performance or retrieval-quality numbers are published, which is the gap for anyone comparing it against a vector store.