bancorprotocol / contracts-solidity

Bancor Protocol Contracts

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Challenge 1 — Towards Decentralized Liquidity

yudilevi opened this issue · comments

Prize Title

Challenge 1 — Towards Decentralized Liquidity

Prize Bounty

Up to $5,000 in USD

Challenge Description

The decentralized liquidity pool is among the most exciting innovations to emerge in the DeFi ecosystem. Everyday users are now incentivized to store their idle assets in smart contracts designed to algorithmically pool liquidity and perform non-custodial token conversions that generate fees for liquidity providers.

Liquidity pools fundamentally alter how liquidity is networked and incentivized — but they are still in their early stages of development.

The Bancor Protocol Foundation challenges developers to build tools that advance and optimize pool-driven liquidity and lower the technical barriers to creating, contributing liquidity to and transacting with Bancor liquidity pools, known as Bancor Relays.
In particular, the Bancor Protocol Foundation is interested in seeing developers build:
Tools for users to track the ROI of every Bancor Relay over time
Tools for users to create new Bancor Relays and contribute liquidity to existing Bancor Relays
Solutions that minimize the gas costs of Bancor Relays
Solutions that mitigate front-running of transactions processed by on-chain liquidity pools
Tools that optimize the profitability of Bancor Relays

Submission Requirements

Eligible projects must utilize Bancor’s Ethereum smart contracts, as well as Bancor’s Network Token, BNT, or some derivative of it.
Bancor Ethereum Smart Contract Documentation: https://docs.bancorfoundation.org/
Github: https://github.com/bancorprotocol/contracts

Submission Deadline

11:59pm EST Friday the 13th.

Judging Criteria

  • Meets the tech requirements
  • Clean code & tech design
  • If applicable - clear UI, easy to use and generally good user experience

Winner Announcement Date

Winners will be announced on September 15th.

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


This issue now has a funding of 13.498 ETH (2512.06 USD @ $186.11/ETH) attached to it.

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Workers have applied to start work.

These users each claimed they can complete the work by 1 month from now.
Please review their action plans below:

1) drdgvhbh has applied to start work (Funders only: approve worker | reject worker).

I will build it over time.........

Learn more on the Gitcoin Issue Details page.

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work has been started.

These users each claimed they can complete the work by 2 years, 5 months ago.
Please review their action plans below:

1) ryanleecode has started work.

I will build it over time.........
2) proofoftom has started work.

A network of self-launched communities that have their own tokens that are all swappable via the network connector token. Live on Kovan! https://app.communiteths.now.sh/

Learn more on the Gitcoin Issue Details page.

Hey @drdgvhbh we will be extending the deadline for this challenge until 11:59pm EST Friday the 13th. Please continue working and let us know if you have any questions. Best of luck!

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work for 13.498 ETH (2443.11 USD @ $181.0/ETH) has been submitted by:

  1. @tommycox

@vs77bb please take a look at the submitted work:


Bancor - Ethereal Blocks ⚡️ A *Bancor - Ethereal Blocks* Kudos has been sent to @TommyCox for this issue from @vs77bb. ⚡️

The sender had the following public comments:

You're the man Tommy. Great work on CommunETH's.

Nice work @TommyCox!
Your Kudos has automatically been sent in the ETH address we have on file.

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


The funding of 13.498 ETH (2796.6 USD @ $207.19/ETH) attached to this issue has been approved & issued to @TommyCox.