Joe to handle overview, engineering request, judging criteria@Joseph B
Tailor Overview
Connect with epd for what they want to see built
Finalize Judging Criteria
List of example DeFi projects
List of Blockstack resources
@Shannon V to work on judges and community outreach, rules, and adding info to Devpost. Diwaker eng request sheet - judge, review HackDefi.
@Louise I to look for relevant DeFi Communities for further distribution
📝 Overview:
The explosion of DeFi in the last year or two has been spectacular to see. People finally putting their crypto to work! At Blockstack, we love the crypto economic magic that goes on behind the scenes in DeFi and are working to bring that to the Bitcoin ecosystem.
Upon the release of Stacks 2.0 and the implementation of Clarity(Blockstack’s smart contract language), it will be possible to move Bitcoin from the BTC chain to the Stacks Chain and program it to bring Bitcoin into the DeFi ecosystem. Imagine pulling 2% of the current Bitcoin marketcap, this could grow larger than the current DeFi ecosystem's overall market cap!
We’re setting the stage for decentralized finance using Bitcoin with our next installment of the Stacks 2.0 Hackathon Series. The hackathon will leverage open source software and decentralized networks to transform traditional financial products into trustless and transparent solutions without intermediaries. Come and join #HackDefi to work on the endless possibilities for hacking on Defi with Bitcoin. We look forward to seeing your DeFi applications!
🪓 What are you building?
(need input from Engineering)
🕵️♀️Possible Judges:
DAOs
Nik, CTO of MakerDAO - nik@makerdao.com
Exchanges and Liquidity
Daniel Wang, LoopRing - daniel@loopring.org
Tooling
Someone from Algorand -
Aaron and/or Ludo from PBC
Someone from Chainlink
Lending and Borrowing
Someone from UniSwap
Compound
YearnFinance, Andre Cronje
Stake Fish, Julia Grebenshchikova or Chun Wang - to get back to Louise tomorrow
✅ Mohak Agarwal(CONFIRMED)
- Running 30+ validator nodes on 10+ networks, Wolfedge Capital -
Marketplaces and Exchanges
Someone from OpenSea
Bobby from Coingecko
Payments
Vicky Daet from OmiseGo
StableCoins
Someone from Gemini
Wallets
Someone from Metamask
Researchers
Camila Russo from Defiant
Hsin-Ju, Dystopia Labs
Others
Dani Grant previously from USV?
Katherine Wu? → I think she isn’t in the cryptospace anymore and is currently doing VC stuff
🔎 Judging Criteria:
Originality & Creativity
How unique or innovative is the mechanism behind the project? Has it been implemented before?
Potential Value to Users
Would users potentially find this project valuable? Is there a desire for this type of functionality from the audience? Does it actively liberate monopolistic control from centralized financial agencies?
Use of Blockstack Technology
Does the project demonstrate an understanding and implementation of various Blockstack technologies like the Stacks 2.0 Testnet, Clarity smart contracts, STX tokens, stx-transactions-js, stacks-blockchain-api, blockstack.js, token transfers, etc.
Functionality and Design
How powerful or robust is the functionality the DeFi project provides? Is it designed efficiently
Documentation & Commenting
Does the project come accompanied by comprehensive documentation or README? Is the code commented thoroughly so anyone could read through and discern its functionality?
Uniswap - A fully decentralized protocol for automated liquidity provision on Ethereum.
MakerDAO - A platform for decentralized finance such as exchanging tokens or borrowing DAI and earning savings.
Aave - An Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets.
Compound - An algorithmic, autonomous interest rate protocol built for developers.
Yearn.Finance - A decentralized ecosystem of aggregators that utilize lending services such to optimize your token lending.
Curve Finance - Curve is an exchange liquidity pool on Ethereum(like Uniswap) designed for extremely efficient stablecoin trading and low risk, supplemental fee income for liquidity providers, without an opportunity cost.
WBTC Network - WBTC is an ERC20 token that is backed 1:1 by bitcoin. The idea behind the token is to bring the vast liquidity of the Bitcoin network to Ethereum.
Synthetix - Synthetix is a decentralized platform on Ethereum for the creation of Synths: on-chain synthetic assets that track the value of real-world assets.
👀 Requirements:
Build a functioning decentralized application or platform that incorporates DeFi(e.g. payments, lending, margin trading, arbitrage products) using Blockstack technology.
Submit a link on Devpost to your codebase to allow the Judges to demo your DApp/platform.
Optional Bonus: Create an explainer video showcasing or demoing your DeFi Project!
⏱️ Timeline:
Activity
Lead
Date
Completion
Pre-Hack Development
Write-up Hackathon and touch base with Engineering contact on what theyre looking for from a Defi hack.
Joe / Shannon
10/02
✅
Announcement Week: Goal is to get as many folks pre-registered as possible
Announcement
Blog post, social posts(Joe, Jenny)
Email to dev lists(Joe, Jenny)
DevPost page(Shannon, Joe)
Drip email campaign(Jenny)
Various
10/16
✅
Prep Week: Goal is to build confidence in devs for the hack
Intro Hacking Session with ?
Share list of ideas we want to see built
Facilitates Q&A with participants
Alex and Hank
✅
Launch Week: Goal is to make sure devs thoroughly understand what we’re looking for with the hack
Hackathon Launch
Social posts, community announcements
Jenny
10/20
✅
Launch workshop: Deep Dive on Defi
TBD
✅
Working Week: Goal is to make sure devs thoroughly understand goal and to check in on their builds
Hack Check-in
TBD
✅
Production Week: Help devs get their submissions over the finish line
Final Stretch Hacking Session with ??
Team demos nearly finished products and tools
Facilitates Q&A with participants
X, Joe?
Shannon to reach out to all judges with a reminder of judging process.
Joe to review entries to make sure all are eligible for judging review. Once done, Joe to reach out to all judges with a reminder they can go into devpost to start judging.
As new projects launch seemingly everyday, the title of DappRadar’s recent article covering Clarity,“DeFi is exploding, but are we building it responsibly?”, still resonates. With Stacks 2.0, we’ve set out to give developers the tools needed to build their projects on what we believe to be the best possible foundation: Bitcoin.
When DeFi matures, all of crypto wins.
That’s where you come in.
Proof of Transfer(PoX Whitepaper) is now live on the Stacks 2.0 testnet, giving developers access to everything that makes Stacks 2.0 a powerful toolset for unlocking innovation on Bitcoin via apps and smart contracts.
In short, build safe, smart, secure DeFi projects leveraging these new capabilities on the Stacks 2.0 testnet and reap the rewards:
Prizes include:
1st Place: $3000 + Blockstack swag bag
Runner-Up: $2000 + Blockstack swag bag
3rd Place: $1000 + Blockstack swag bag
4th Place: $600 + Blockstack swag bag
5th Place: $400 + Blockstack swag bag
The hackathon starts on October 20th, a few days following the Redefine Summit, but you can register now if you want a headstart getting familiar with Stacks 2.0 features on testnet. We also recommend all interested hackers join us in the #hackathons channelon Discord so you can get help from the community and share ideas.
Overview:
What are you building?
Possible Judges:
Judging Criteria:
Prizing:
Resources:
Potential Community Partners:
DeFi Example Platforms
Requirements:
Timeline:
Key:
Action Items:
📝 Overview:
🪓 What are you building?
🕵️♀️ Possible Judges:
🔎 Judging Criteria:
🏆 Prizing:
🖇️ Resources:
👯♀️ Potential Community Partners:
+HackDeFi Hackathon Partner Guide
📃 DeFi Example Platforms
👀 Requirements:
⏱️ Timeline:
#HackDefi: Taking Defi to the next level with Bitcoin
Community Partners Twitter Promos