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Aave x Uniswap Market Challenge
Uniswap, Aave, DeFi, Ethereum
### Challenge Description
Pushing the limits of composability, Aave will launch the Aave Uniswap Market, allowing any Liquidity Provider on the Uniswap protocol to leverage on their Uniswap Liquidity provider Tokens (UNI) to borrow funds on Aave. Or just simply get a Yield Double serving by stacking Aave yield on top of Uniswap Yield.
You're invited to this challenge to find clever tricks to make the process more seamless. For example, a dashboard and "Zaps" to provide liquidity in a seamless way or track Gains accumulated on both platforms and win up to 750 aDAI on this Challenge.
Feel free to dive into our developer's [documentation](https://docs.aave.com) and build the product corresponding to your vision.
For the first phase of this challenge, you'll be able to hack on the Testnet implementation of the Aave Uniswap Market.
For this challenge, you're invited to leverage on the Aave Protocol Features to create a new service for your users.
During the first phase of the hackathon, the Uniswap Market implementation will only be available on Testnet, feel free to contact us directly for more information.
#### Features expected
Challenge applicants are free to provide their vision and ideas to fulfill this challenge.
We're happy to provide a few ideas for this Challenge :
A service allowing users to mint UNI tokens, uses them as collateral on Aave to borrow stablecoins and use them to mint more UNI tokens.
As an example: if an user is very optimistic on the future price valuation of both MKR and ETH, the leveraged Zap service can allow the user to
1) Buy 50% ETH 50% MKR
2) Deposit the tokens to the uniswap protocol and thus mint some corresponding UNI tokens
3) Deposit the UNI tokens into Aave to borrow DAI
4) use the DAI to buy 50% ETH and 50% MKR
5) deposit them into uniswap and mint new UNI tokens
6) deposit the UNI tokens into AAVE
And repeat until the selected amount of margin or the max amount allowed by the protocol is reached.
Developers are invited to leverage on Aave features to create their product :
- Deposits tokenization with the aTokens — for the first time in DeFi, tokenized deposits are at a 1:1 ratio with their underlying assets
e.g 1 aDAI = 1 DAI = 1 USD.
aToken holders have an ever-increasing balance directly in their wallets.
- Native protocol redirection — any user can define a beneficiary Ethereum address and all their interest will be streamed to the recipient natively.
- Flash Loans — 50M$ liquidity are available and a few lines of code away, borrow as much as you want without any collateral, execute some actions and bring back the capital and the end of your transaction. Liquidations, arbitrage, collateral swaps, and more… the opportunities are limitless.
- Brand new reshape of the Stable rates mechanisms for borrowers.
You can communicate with the Aave team in the official [Gitcoin Town Square chat](https://chat.gitcoin.co/hackathons/channels/town-square)
We will also provide assistance and advice to all applicants in the official [Aave discord](https://discord.gg/36sR272).
**MarcZeller | Aave** and **David T | Aave** will be happy to provide assistance for this challenge on both servers
The Mainnet and the Kovan and Ropsten testnets are yours to interact with Aave protocol please refers to our [documentation](https://docs.aave.com).
Hackers can also find inspiration in the [Aavesome List](https://github.com/marczeller/Aavesome-list/blob/master/README.md) of projects leveraging on Aave protocol
#### Submission Requirements:
Must have an open-source license.
Must use the Aave protocol features and the new Uniswap Market.
An ideal submission for this challenge is both providing a user-friendly UX/UI and capable to generate an added value for the Aave and Pool Together ecosystems.
Hackathons events are the perfect opportunities for you to focus on building what will become a successful project with support and feedback from rockstar developers of the ecosystem and the possibility to earn a cash prize to help your project grow and meet your first users.
#### Submission Deadline
Submission deadline is at the end of the Hackathon on 27th May 11:59 pm ET
#### Judging Criteria
- Usefulness of the submission (15%)
- Innovation provided by the submission (10%)
- Level of technical implementation (15%)
- UI/UX of the implementation (15%)
- Benefits for the end users. (35%)
- Business Model of the project (10%)
#### Judging Date
Judging will be at the end of the Hackathon on 27th May 11:59 pm ET
### Winner Announcement Date
The submission will be reviewed between May 27th and June 2nd. Winners will be privately notified before a public announcement of all hackathon prices given by Aave. The announcement and prize payouts will occur before June 3rd, 2020.
#### Challenge rewards
750 aDAI shared by the best Teams
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