Saturday, June 22, 2024

Mission concepts for the ETHOnline 2020 Hackathon

Compound is sponsoring ETHGlobal’s Autumn 2020 occasion: ETHOnline. This digital occasion includes a world hackathon and studying classes with main innovators within the Ethereum group.

ETHOnline 2020 Hackathon

Along with studying concerning the newest in ETH 2.0 and new EIPs, hackathon contributors have the possibility to compete for $125,000 value of prizes. Compound has created three bounties to encourage hackers to innovate in DeFi.

These are the three bounties, totaling $5,500 in cUSDC prizes.

  1. Most unique venture that makes use of Compound.js: $1,500 of cUSDC
  2. Finest Compound Governance tooling: $1,500 of cUSDC
  3. Finest proposed enchancment to the Compound Protocol — $2,500 cUSDC

Let’s stroll by means of some legitimate hackathon venture concepts to get groups began constructing.

Compound.js is a JavaScript SDK for Ethereum and the Compound Protocol which helps Node.js and the online browser. It’s a wrapper round Ethers.js. The bounty prize will go to the crew that implements the SDK of their venture with essentially the most unique DeFi use-case.

Hackathon Mission Concepts:

  • Construct a easy, open supply consumer interface with all Compound Protocol features utilizing Compound.js.
  • Construct a full stack utility that sends customers e mail and/or textual content message alerts when Compound Governance occasions happen. This venture would double-count towards this bounty and the Governance device bounty.
  • Construct an data and knowledge visualization dashboard for the Compound Protocol rates of interest over time. There are different metrics like provides and borrows that may be included.
  • Construct a recreation the place NFTs are awarded to Compound customers based mostly on carrying out sure actions; for instance, obtain a “First Provide” NFT for every market on Compound, that customers obtain if they provide to these markets.
  • Construct a market for delegated borrowing limits; for instance, if a consumer has provided 100 USDC to Compound however has borrowed nothing, they may “promote” their accessible borrowing potential on a market to another person.

Compound Governance arrived earlier this 12 months to totally decentralize the dwelling, on-chain Compound Protocol. This new mechanism of community-led upgrades has created a brand new alternative for innovation. The bounty prize will go to the crew that creates the perfect Compound Governance associated device. The submission might be an utility, SDK, API, or sensible contract(s).

Hackathon Mission Concepts:

  • Construct a COMP delegate tracker that exhibits the place an tackle’ delegates got here from over time.
  • Create a novel system that rewards participation in Compound Governance. If this features a protocol patch, it could double-count towards this bounty and the protocol enchancment bounty.
  • Create a full-stack, gas-less delegation or voting web site for people or firms. See the ultimate part of the ETHOnline Compound.js workshop video (supply code is on the market on GitHub).
  • Construct a market the place delegates can supply rewards, or solicit cost, for representing COMP-holders in Compound Governance.
  • Construct tooling that lets customers focus on, suggest, or vote on governance points by means of Twitter or different common platforms for crypto customers.
  • Develop a system that makes it simpler for the Compound group to coordinate governance actions; for instance, the place they may construct a roadmap collectively, fairly than focus on every proposal separately in a vacuum.

The Compound Protocol is a community-led Ethereum venture. Any developer is ready to make code modifications that may in the end be applied by means of governance.

To jumpstart group contribution, a information was created to stroll builders by means of the method of making a protocol change (A Walkthrough of Contributing to the Compound Protocol). The bounty prize will go to the crew that creates and proposes the perfect enchancment to the Compound Protocol.

Submissions for this bounty ought to intention to truly submit their proposal to Compound Governance for consideration, although doing so by the top of the hackathon interval isn’t required.

As a bonus reward, proposals to Compound Governance may request a further success grant for the developer(s), paid out of protocol reserves.

Hackathon Mission Concepts:

  • Deploy a Comptroller optimization. At the moment, the Comptroller contract is close to the Ethereum contract dimension restrict. A refactor of this contract may very well be helpful for ongoing function growth. Extra particular particulars for this are outlined on the Compound Neighborhood Discussion board.
  • Compound Protocol gasoline optimizations. Gasoline prices may very well be lowered with totally different implementations of core protocol features.
  • Rate of interest mannequin (IRM) modifications. Every cToken contract has the power to level to its personal distinctive IRM. A handful of IRMs are used for the present set of cTokens, however this may be modified because the group sees match. Creation of a model new IRM might maybe be one thing the group desires however doesn’t comprehend it but.
  • Experiment with including assist for brand spanking new asset sorts — for instance, rate of interest markets for NFTs, indices of tokens, or real-world property.
  • Develop a complementary rate of interest mannequin or mechanism that permits supplying and/or borrowing at fastened rates of interest.
  • Implement provide caps for brand spanking new cToken markets, so there’s a most quantity of provide allowed into the protocol.

Listed below are some bounty winners and notable tasks from ETHGlobal hackathons in 2020. All of which included the Compound Protocol of their tech stack.

  • DefiHedge — A decentralized protocol for fixed-rate borrowing & rates of interest
  • cChannels — A crypto “bar-tab” kind of cost system that makes use of the Compound Protocol for curiosity and borrowing with ETH and DAI.
  • Atomic Ninja — An atomic Ethereum transaction batcher with a drag-and-drop consumer interface for aggregating numerous DeFi techniques.
  • Medici — An interest-earning pockets for digital money.
  • Maximus — A group owned/ruled model of MakerDAO that permits supplying/borrowing with Compound.
  • tCDP — Automated motion of property amongst DeFi protocols to keep away from liquidation fears in over-collateralized borrowing.
  • Defido2 — {Hardware} pockets CLI that has features for DeFi, which embody supplying ETH and DAI to Compound, in addition to borrowing.
  • NFWallets — A browser based mostly pockets that permits customers to make the most of a lot of DeFi.
  • Suicide Kings — A no-loss ERC1155 recreation the place gamers vote to win curiosity generated with Compound.

ETHOnline is already underway. Groups are starting to type and venture concepts are being brainstormed. The Compound crew is right here to assist. Be part of us within the #sponsor-compound channel of the ETHGlobal Discord or the #growth channel of the Compound Discord.

We can assist out with hack concepts, use instances, UI/UX, technical questions, code, and extra. You should definitely take a look at the Compound Documentation for developer guides, contract addresses, and code examples.

Supply code for tasks can be found within the Compound GitHub group. Joyful hacking and better of luck to the hackathon contributors!

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