Top projects in the Solana x Serum DeFi Hackathon

Solana Hackathonath

Solana Hackathon is a series of activities organized to encourage programming teams to participate in the competition to come up with creative ideas for developing applications on the blockchain Solana platform … hackathon ideas and resources for developers, the ones of whom are the Solana Foundation (“SF”) is the main organizer of this program. This season, the price of Solana Season is up to $ 1 million with no funding from investors participating in the seed round.

DeFi Hackathon Solana X Serum from 15 / 2-1 / 3

First price

Mango Market is a decentralized cross-margin trading platform with up to 5x leverage and limit orders that are integrated into the Serum DEX on-chain order book. Creators or selectors can earn interest on deposits and margin positions thanks to Solana’s powerful blockchain, and trade with almost zero fees. Additionally, SRM users can contribute to a common pool to lower fees for all merchants on the platform.

PsyOptions is a project that implements American style options trading on Solana using SOL and SPL tokens. PysOptions is scalable and can be combined with leveraged, inverse and volatile products. The team took the idea, developed a compelling roadmap, and designed a smooth user interface.

The second prize

Parrot is a synthetic debt protocol that connects the existing profitable tokens on Ethereum Layer 1 into Solana’s DeFi ecosystem. Holders of LPs in protocols like Sushi, Curve, etc. can now use tokens as direct security for Solana blockchain-based credit products.

Synthetify is a decentralized synthetic asset protocol based on Solana. The system works similarly to the Synthetix protocol on Ethereum.

Solrise is a decentralized P2P wealth management and trading protocol that enables fund managers to create mutual funds, deposit tokens, and select assets to trade. In addition, fund investors can track the fund’s performance and income.

The third prize

The SerumTaxTime team has developed a tool to automatically review users’ Serum DEX transactions and present them through clear data analysis to identify tax payments.

DTF Protocol is a Solana-based system that allows users to implement a wealth management strategy that others can invest in. A strategy that consists of a basket of SPL tokens encapsulated in a DTF program that is itself an SPL token. By supporting external integrations with exchanges, credit platforms, AMMs, and asset protocols, DTF enables any type of strategy, including those used.

Sushi Warrior is a tournament-style multiplayer fighting game that includes a lossless lottery much like PoolTogether and uses Solana, Arweave, Torus, USDC, and AAVE to bring synthetic DeFi to the game world.

Tenderize Me is a tiered token liquidity solution that enables users to create tenderSol, a derivative token that accumulates value and allows them to get in or out of staking without losing their tiered position or unlinking. . The main focus is on making staking more efficient and easier for non-technical members of the Solana community. With a TenderSol token that represents their share, users can reuse it, e.g. as security in other protocols

Solana Season Hackathon from 15 / 5-7 / 6

Source from Solana Daily

Solana Season has not yet announced this hackathon, we will keep an eye on it for the next talented candidate. Some notable projects that the community is interested in are as follows:

Duet Protocol (Duet) is a multi-chain aggregate asset protocol that sharpens all assets for use in the blockchain world. The Duet protocol enables traders to copy real-world tradable assets in a decentralized financial ecosystem.

Zeta Markets is a DeFi options protocol that is tied to secured options. The platform offers trading in liquid derivatives for individuals and institutions. With portfolio margin and order book functionality and Automatic Market Maker (AMM).

Apricot is an over-collateralized loan protocol that excels in providing borrowers with the best borrowing power and low liquidation penalties with high predictability of outcomes. With the expansion of the platform, Apricot will be able to leverage the concept of securitization in traditional finance to manage the pool of bad debt collateral accumulated through Apricot’s 2-hour liquidation guarantee program. Apricot also plans to launch an extensive range of related products in the near future, such as a variety of user needs.

Find out more here: https://twitter.com/ApricotFinance

DeFi Land is a DeFi-integrated agricultural web game platform that offers all the functions of traditional games. DeFi Land will run on pre-built platforms, users will be using AMM / DEX / Lending protocols.

Boring DAO is an innovative solution that tokenizes practically all blockchain assets and brings the liquidity of these blockchain assets to the DeFi world. In particular, the double pledge model enables the tokenization of the users’ native blockchain assets (such as BTC, LTC) in “packaged” assets in “oToken” form with the help of community governance mechanisms.

SolFarm is a yield aggregation platform that uses a Vaut strategy that automatically combines compounds to optimize your property returns.

Support countries in this project

• China: Serum and Raydium with a purse of $ 125,000
• India: Devfolio and CoinDCX with $ 50,000 prize poolk
• Eastern Euro: Hacking with a purse of $ 180,000
• Brazil: BZR with a purse of $ 25,000
• Africa: Blockchain Nigeria, Bundle and … with a USD 25,000 prize pool
• Vietnam: Kyber Network and Coin98 with $ 25,000 prize pool

While anyone worldwide can enter, builders in certain countries have the opportunity to compete for regional prizes

Which hackathons do and do other blockchains have?

• Terra .s DeFi Connected Hackathon
• Hack The Rainbow by Near by
• Tron’s global DeFi hackathon
• Avalanche virtual hackathon, summit and demo day

Summary of the Solana Seasonal Hackathon

Solana Season Hackathon with the participation of more projects than last season, the price structure and the number of supporting investors is very large. Some of the projects above have not yet taken place in public sales rounds, this is an opportunity for you to do your research early to participate. The Solana ecosystem is currently developing rapidly, in addition to hackathon competitions, Solana has also experienced many successful IEOs and IDOs on this platform. Solana Wave will create a new playground in the near future to compete with Binance Smart Chain and Ethereum. Solana’s coverage shows the trend of cash flow shifting to blockchains with efficient and fast scaling solutions. All information in the article is information compiled by CoinCu and does not constitute investment advice. CoinCu is not responsible for direct and indirect risks. Good luck!