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.
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- $134,522.61 more funded OSS Work available on the Gitcoin Issue Explorer
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.........
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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/
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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:
@vs77bb please take a look at the submitted work:
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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.
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- Questions? Checkout Gitcoin Help or the Gitcoin Slack
- $149,472.15 more funded OSS Work available on the Gitcoin Issue Explorer