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”
$6,500 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
You are to design a one of the kind DeFiSummer NFT. Make it iconic. Think the DeFi Woodstock. Your non-fungible token will be forever minted in DeFi Hall of Fame.
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
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 Prize
Build a that facilitates use case of global (cross-border) payment system on Stellar testnet/mainnet; Ex; developing a system for paying out hourly wages for certain job positions.
Shadman Hossain
Blockchain Engineer
Roshaan Khan
Product/Strategy @ Block.one
Mona El Isa
Founder of Enzyme Finance
Robin Roy Thomas
Content Writer, Ethereum Push Notification Services
Kirill Kazakov
Senior DevOps Engineer
Alexander Makeev
Software Engineer @ Arcadia
Taras Baranyuk
Senior Data Scientist @ Bidease
David Medvedik
Principal Software Engineer
Aliaksandr Shulyak
Senior SRE
Aleksandr Zakharov
Software Engineer at Recall Masters, Inc.
Parviz Rozikov
Software Engineer
