This summer is DeFi. Decentralized finance. Where anyone has access to the global eocnomy. We are challengeing up to teams of 1-5 from all around the world (all Summer) to build on the latest decentralized platforms and win opportunities, prizes, and cryptocurrencies!

Participate in hands-on workshops throughout the month to learn from the leading blockchain developers, economists, entrepreneurs, and software engineers. Showcase your projects on the hottest tech this summer.

This is a student run hackathon organized by the Minority Programmers. Join the international network of developers teaming up together to empower the world through technology.

Summary Of Problem Background on Blockchain

Blockchain is a verifiable and transparent system that is shared among a network of computers. This revolutionary technology can be used as a common data layer to enable new ways of data sharing in a secure manner which reduces costs, eliminates risk of fraud and creates new ways of doing business.

Background on Decentralized Finance

Decentralized finance is a revolutionary form of finance that frees individuals from the dependence of traditional financial intermediaries, utilizing smart contracts on blockchains enabling for complex transactions like lending, speculation, trading, insurance, and interest. The DeFI world is built on DApps (decentralized applications) that modify digital ledgers with smart contract protocols typically integrated through a Web3 wallet. Smart contracts and DeFI protocols are usually open-source and are contributed to by a community of developers like the one we have at DeFi summer.

 

Issues to Consider

Although we cannot begin to quantify the ways one can develop more accessible and transparent financial systems, we have devised these categories to help outline the biggest pains in the decentralized finance space.defi

Accessibility
  • Access to A Phone + Internet

  • High Fees for Low Transaction Costs

  • Lack of Knowledge of Blockchain in Minority Communities

Mass Adoption
  • Practicality Utility for DeFi (adding use cases)

  • Tailoring Solutions for Traditional Financial Institutions

  • Stable Coins, Commodities; Pegged Assets to Negate Volatility 

Centralization
  • Trade off between centralization and speed

Scalability
  • Transactions Per Second

  • Energy Consumption

Security

  • Flash Loans

  • 51% Attacks

  • “Rugpulling”

 

Hackathon Sponsors

Prizes

$17,100 in prizes

Learning Incentivization

Learning Incentivization: Develop an e-learning application that rewards individuals crypto for learning STEM concepts. The winners of this will be given a chance at Blockchain Engineering internships with MPA.

DefiSummer NFT Art Grand Prize - Minority Token

For this track you are to design a logo (unlimited submissions)
To submit this you are to follow @minorityprogram on twitter, and a tweet with hash tag #MINORITY #MINORITYtoken #MinorityProgrammers with your logo design.

Submissions (tweets) can be until August 30th at Midnight (EST) time

Here are the requirements for the token logo https://docs.google.com/document/d/e/2PACX-1vSRVDtbQGsQjSOAXb1xLRufFTHCIine3Kq1OQCD61mZahVgxxW49m7hEQEa1pR7rWkpSHVhG_RsqKs3/pub

Only 1 Winner will be given $100 in USDC to whoever MPA team accepts as official logo

Blockchain Consulting Award (2)

Blockchain Consulting: Case Study - Design a system that turns Minority Programmers Association into a DAO with its own utility token. Winner with be given an Internship as Blockchain Research Intern at Minority Programmers or Echelon Digital Consulting

Trading Automation Prize - Enzyme ($4000 in $MLN)

Trading Automation: Develop an interface and bot that allows hedge funds on Enzyme finance to easily build trading strategies, fund allocation, etc generates and a bot that uses the enzyme protocol to trade accordingly.

“Choose Your Own Adventure Governance” - PlutoPepe ($1000 in $PLUTO)

“Choose Your Own Adventure Governance” - Build a dAPP with a stunningUI that allows individuals to vote on the outcome of a storyline for having a certain amount of tokens in their wallet.

NFT Meme Marketplace Prize - PlutoPepe ($1000 in $PLUTO)

NFT Meme Marketplace - Develop an NFT marketplace on BSC/Matic that allows anyone to easily build a meme, use as nft, share on social media, bid, buy and view and even respond with NFT comments.

Gaming Utility Token - PlutoPepe ($1000 in $PLUTO)

This goes to the team that can implement a smart contract game; ex; CoinFlip, Predictions, Roulette, Dice, that pays out rewards in $PEPE token

Stellar Challenge - 1st Place ($1500 in $XLM)

The way the global financial establishment is structured today, people are born into an economy just like they’re born into a political system. Stellar is a way out: it lets people participate in a worldwide, stable financial network regardless of where they live. In this challenge, your job is to build a project on the Stellar test network that solves a specific real-world problem. Examples include Uhuru Wallet, a WhatsApp-based wallet that allows for sending intra-African payments, Vibrant, a dollar-savings app for Argentines, and DSTOQ, which makes investing accessible and affordable for people in emerging markets.

Stellar Challenge - 2nd Place ($1000 in $XLM)

In this challenge, your job is to build a project on the Stellar test network that solves a specific real-world problem. Examples include Uhuru Wallet, a WhatsApp-based wallet that allows for sending intra-African payments, Vibrant, a dollar-savings app for Argentines, and DSTOQ, which makes investing accessible and affordable for people in emerging markets.

Stellar Challenge - 3rd Place ($500 in $XLM)

In this challenge, your job is to build a project on the Stellar test network that solves a specific real-world problem. Examples include Uhuru Wallet, a WhatsApp-based wallet that allows for sending intra-African payments, Vibrant, a dollar-savings app for Argentines, and DSTOQ, which makes investing accessible and affordable for people in emerging markets.

IDLE - Protocol/Strategy Integration

Implementing Idle as yield sources into other protocols or build something on top of Idle
○ Integrations examples: Alpha Homora, Inverse Finance, Fixed yield

Awarded in $2000 in IDLE ERC-20 token to the BEST project for this prize track

IDLE - Open Track (2)

2nd track - Open track: an opportunity to bring innovation and develop new ideas that involve Idle protocol.
Here’s a list of some inspirations that might help you to build projects, but we encourage you to experiment with more ideas:

- Flash loan case-study (https://developers.idle.finance/integrators/flash-loans)
- NFTs for the Idle Community
- Stablecoin development, as new assets backed by idleTokens (concept model: FRAX/RAI/FEI)
… And any other innovative and brilliant idea

Some current examples (Harvest example | GitHub, Enzyme example | Docs, WasabiX example | GitHub, Yearn Finance GitHub);

This prize ($2000 in $IDLE) can be split by two projects and is given $IDLE (an ERC-20 toke)

Tokamak Staking Front End Redesign

Tokamak Network will be awarding 1 prize of $1000 in USDC.
One of the biggest challenges for Defi is helping newcomers understand what a project/protocol is when they first arrive on the website and helping them understand it. The difficulty here arises when some users don't have a metamask wallet available. They may want to browse the project, and better understand it, but current data and information regarding it isn't made available unless you are connected through a wallet.

An example of a project that has successfully implemented this is Compound. Currently data regarding lending and borrowing rates, supply and borrow can be viewed before connecting a wallet. We would love to implement something like this on our staking page. A team that is able to build out this sort of front end for us would be helping us and other projects in enhancing the user experience.

To be eligible for the prizes, participants must:
Make the code open through a Github repo
Have a focus on improving the UI/UX for an existing Tokamak Network ....
Present documentation on why/how they believe they have improved upon the existing frontpage
Develop a 5 minute demo video showcasing front end code as a Youtube Video entitled “DefiSummer: Tokamak Submission”
Submit all your deliverables on the official DefiSummer devpost https://defi.devpost.com/ and make sure to join the DefiSummer discord community https://discord.gg/TAmSpBvmR2

More information at

https://docs.google.com/document/d/e/2PACX-1vSzdF54qBX_jcLwEXJ9p6CE9J0F_tQ11qLfJ8DYI3VSxvlhsCEFNYaFwp5OBxyrOV-IJpqvni7FD0Oi/pub

Devpost Achievements

Submitting to this hackathon could earn you:

Eligibility

  • Teams of 1-5 (minimum age of 13)
  • Anyone from around the world can enter

Judges

Shadman Hossain
Blockchain Engineer

Roshaan Khan

Roshaan Khan
Product/Strategy @ Block.one

Mona El Isa

Mona El Isa
Founder of Enzyme Finance

Robin Roy Thomas

Robin Roy Thomas
Content Writer, Ethereum Push Notification Services

Kirill Kazakov

Kirill Kazakov
Senior DevOps Engineer

Alexander Makeev

Alexander Makeev
Software Engineer @ Arcadia

Taras Baranyuk

Taras Baranyuk
Senior Data Scientist @ Bidease

David Medvedik

David Medvedik
Principal Software Engineer

Aliaksandr Shulyak

Aliaksandr Shulyak
Senior SRE

Aleksandr Zakharov

Aleksandr Zakharov
Software Engineer at Recall Masters, Inc.

Parviz Rozikov

Parviz Rozikov
Software Engineer

Sergii Zhuravel

Sergii Zhuravel
Lead Software Engineer

Judging Criteria

  • Technical Complexity: Quality of Features
    Are your features meaningful and add to the overall quality of the product?
  • Technical Complexity: Comprehensive Project
    Does your solution have comprehensive features or does it look like you just put something together?
  • Technical Complexity: Efficiency
    Is your code efficient? Do you use efficient algorithms?
  • Practicality: Accessibility
    Will your help communities most in need? Mobile?
  • Practicality: Effectiveness
    Does your solution solve one of the challenges we are facing in the DeFi space?
  • Practicality: Portability and Usability
    Is your code easy to run and works on multiple systems?
  • Presentation of Product: UI Design
    Does your application look visually clean across different size devices? Mobile-first design?
  • Presentation of Product: UX
    Is your application's user experience intuitive and is the current state clear or does the user have to make assumptions about what your application does?
  • Code Cleanliness
    Is your code easy to understand? Does it have clear comments that are not cluttered and have a purpose for explaining your code?
  • Originality of Work
    Is your idea novel? Do you not plagiarize and properly credit others for their contribution?
  • Creativity
    Does your product do something that absolutely blows the mind of the judges? Wildcard criteria.

Questions? Email the hackathon manager

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Hackathon sponsors

Prize Sponsors
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