No funded issue found.
Check out the Issue Explorer
Be the OSS Funding you wish to see in the world.
Looking to fund some work? You can submit a new Funded Issue here .
Time left
Opened
Issue Type
Workers Auto Approve
Project Type
Time Commitment
Experience Level
Permissions
Accepted
Reserved For
Aave x Pool Together Challenge
aave
PoolTogether, Aave, DeFi, DAI, Ethereum
### Challenge Description
Aave is happy to partner with Pool Together for this challenge. We're big fans of this project and we do believe there's a lot of hack opportunities with the concept of "lottery tickets dai" (plDAI) and "pods" recent updates.
Feel free to dive into our developer's [documentation](https://docs.aave.com) and build the product corresponding to your vision.
For this challenge, you're invited to leverage on the Aave Protocol Features and the Pool Together Protocol to create a new service for your users.
#### Features expected
Challenger applicants are free to provide their vision and ideas to fulfill this challenge.
We are happy to share an idea for applicants :
Pool Together recently introduced the concept of Pods, allowing to "pool" plDAI (fungible tokenized lottery tickets each representing 1 DAI of deposit) with other players to increase their chance of winnings. Aave also has the feature of native interest redirect.
A service allowing to redirect Aave's user's interests into a pod contract, using these interests collected to buy and hold automatically plDAI and keep track of potential rewards can be super attractive for both Pool together and Aave communities and a great example of DeFi synergies.
Developers are invited to leverage on Aave features to create synergies with Pool Together :
- 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 directly with the Aave team in the official [Gitcoin Discord](https://discord.gg/MFXD7D2)
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).
You're also invited to dive into the [Pool Together documentation](https://github.com/pooltogether/documentation)
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 and the Pool Together platform.
**Ideal submission**
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 ecosystem and communities.
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 Pool Together and Aave ecosystems. (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
Setup your profile
Tell us a little about you:
Skills
No results found for [[search]] .
Type to search skills..
Bio Required
[[totalcharacter]] / 240
Are you currently looking for work?
[[ option.string ]]
Next
Setup your profile
Our tools are based on the principles of earn (💰), learn (📖), and meet (💬).
Select the ones you are interested in. You can change it later in your settings.
I'm also an organization manager looking for a great community.
Back
Next
Save
Enable your organization profile
Gitcoin products can help grow community around your brand. Create your tribe, events, and incentivize your community with bounties. Announce new and upcoming events using townsquare. Find top-quality hackers and fund them to work with you on a grant.
These are the organizations you own. If you don't see your organization here please be sure that information is public on your GitHub profile. Gitcoin will sync this information for you.
Select the products you are interested in:
Out of the box you will receive Tribes Lite for your organization. Please provide us with a contact email:
Email
Back
Save
