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Venture concepts for the ETHOnline 2020 Hackathon

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

ETHOnline 2020 Hackathon

Along with studying concerning the newest in ETH 2.0 and new EIPs, hackathon members have the prospect to compete for $125,000 price 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 authentic 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 staff that implements the SDK of their venture with essentially the most authentic DeFi use-case.

Hackathon Venture Concepts:

  • Construct a easy, open supply consumer interface with all Compound Protocol capabilities utilizing Compound.js.
  • Construct a full stack software 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 instrument bounty.
  • Construct an info 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 engaging in 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 equipped 100 USDC to Compound however has borrowed nothing, they might “promote” their accessible borrowing potential on a market to another person.

Compound Governance arrived earlier this yr to totally decentralize the residing, 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 staff that creates the most effective Compound Governance associated instrument. The submission will be an software, SDK, API, or sensible contract(s).

Hackathon Venture Concepts:

  • Construct a COMP delegate tracker that exhibits the place an handle’ delegates got here from over time.
  • Create a novel system that rewards participation in Compound Governance. If this features a protocol patch, it will 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 accessible on GitHub).
  • Construct a market the place delegates can provide rewards, or solicit fee, for representing COMP-holders in Compound Governance.
  • Construct tooling that lets customers talk about, suggest, or vote on governance points by means of Twitter or different standard platforms for crypto customers.
  • Develop a system that makes it simpler for the Compound neighborhood to coordinate governance actions; for instance, the place they might construct a roadmap collectively, relatively than talk about every proposal one by one in a vacuum.

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

To jumpstart neighborhood 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 staff that creates and proposes the most effective enchancment to the Compound Protocol.

Submissions for this bounty ought to intention to really submit their proposal to Compound Governance for consideration, although doing so by the tip of the hackathon interval will not be required.

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

Hackathon Venture Concepts:

  • Deploy a Comptroller optimization. Presently, the Comptroller contract is close to the Ethereum contract dimension restrict. A refactor of this contract may very well be useful for ongoing characteristic improvement. Extra particular particulars for this are outlined on the Compound Neighborhood Discussion board.
  • Compound Protocol fuel optimizations. Gasoline prices may very well be lowered with completely different implementations of core protocol capabilities.
  • 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 neighborhood sees match. Creation of a model new IRM may maybe be one thing the neighborhood needs however doesn’t understand it but.
  • Experiment with including help for brand new asset sorts — for instance, rate of interest markets for NFTs, indices of tokens, or real-world belongings.
  • Develop a complementary rate of interest mannequin or mechanism that allows supplying and/or borrowing at fastened rates of interest.
  • Implement provide caps for brand new cToken markets, so there’s a most quantity of provide allowed into the protocol.

Listed here 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 fee 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 neighborhood owned/ruled model of MakerDAO that allows supplying/borrowing with Compound.
  • tCDP — Automated motion of belongings amongst DeFi protocols to keep away from liquidation fears in over-collateralized borrowing.
  • Defido2 — {Hardware} pockets CLI that has capabilities for DeFi, which embody supplying ETH and DAI to Compound, in addition to borrowing.
  • NFWallets — A browser based mostly pockets that allows 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 staff is right here to assist. Be a part of us within the #sponsor-compound channel of the ETHGlobal Discord or the #improvement channel of the Compound Discord.

We can assist out with hack concepts, use instances, UI/UX, technical questions, code, and extra. You’ll want to try the Compound Documentation for developer guides, contract addresses, and code examples.

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

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