Convergence: Serum & Wormhole Hackathon @Asia Blasts Off with $595,000 in Prizes and More Funding Opportunities(Prize Pool Updated!)

“A virtual hackathon with up to $5million in prizes and seed funding”.

*Welcome Slope’s participation as special sponsor and judge! Extra $10K prizes are secured for the hackers 🤩

“Build or create decentralized apps on the Solana blockchain with Serum’s liquidity infrastructure and Wormhole’s cross-chain bridge.”

Register @HackerLink today: https://hackerlink.io/grant/serum/

Benefits to join

  • Become a core on Serum’s ecosystem
  • Technical aid provided by support workshops, crypto pioneers, and previously awarded projects
  • Chances to leverage project demos for stronger community awareness
  • Unlock funding opportunities from venture investors
  • Compete for $585,000 prizes, including a $25K quadratic funding prize pool, sponsor prizes; and $5M in seed funding.

Schedule

Submission Period: January 5th, 2022 — January 31st, 2022 (5:00 pm Eastern Time)

Workshop Schedule

How to Apply

1. Log in to hackerlink.io and click on https://hackerlink.io/grant/serum/ to apply (new users need to register an account first). Slope wallet is recommended to be used. (Few $SOL as gas fee needed)

Who can participate?

  1. Basic Requirement

Prizes

Additional prizes are offered to HackerLink BUIDLers. Via HackerLink, participants will have the chance to earn shares from the Quadratic Funding and walk away with all received Community Funding (votes).

  1. Sponsor Prizes(Global): top 5 winners will be granted $100,000 USDC, $60,000 USDC, $30,000 USDC, $20,000 USDC, and $15,000 USDC. The Community Choice Award will offer $30,000 USDC. Wormhole, PsyOptions and Serum will incentivize the top two prize winners with $50,000 USDC and $30,000 USDC, respectively. Atrix, Pyth, and Terra will offer $30,000 USDC each.

Sponsor Prize Judging Criteria

The submitted projects will be judged by members of the DeFi and CeFi community. Your projects will be seen and rated by crypto celebrities like Sam Bankman-Fried from FTX, Raj Gokal from Solana Labs, Kyle Samani from Multicoin Capital, Matthew Graham from Sino Global, Dan Matuszewski from CMS, Paul Veradittakit from Pantera Capital and Chris McCann from Race Capital, and MORE!

  • Execution
    The solution has to be working, solve one or more business problems and be economically viable
  • Code quality, technical documentation
    The solution should have a clean code base with documentation.
  • Project video
    The submission includes a demo video of the solution, covering the vision and user experience, and value proposition of the project.

What’s Quadratic Funding? How does it work?

Quadratic Voting is a voting scheme introduced and often discussed in the Radical Markets community. It is often considered an innovative improvement of the traditional 1-person-1-vote or 1-dollar-1-vote voting schemes. With a quadratic funding algorithm, the cost of each vote to a single project from a single contributor will increase, which encourages community contributors to donate to more projects.

About Serum

Serum is a protocol and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and is completely permissionless. Ecosystem partners can compose with Serum’s on-chain central limit orderbook to share liquidity and power markets-based features for institutional and retail users. View more here: https://docs.projectserum.com/introduction/overview

About DoraHacks

DoraHacks is a global hackathon organizer and one of the world’s most active developer communities. HackerLink (https://hackerlink.io/en) is DoraHacks’ open source developer platform and open source curation market. HackerLink provides unique on-chain tools to incentivize open source developments around the world. The platform is offering features including hacker profile, BUIDL, quadratic funding grants, bonding curve, bounties, hackathons to more than 100,000 users around the world.

Anti-Sybil Attack Check Notification

This grant is followed by a grace period. During this grace period, HackerLink has run a close-source program to analyze all the votes that it received and detect if there are any Sybil attacks from the quadratic voting mechanism. The final results will be released on hackerlink.io afterward.

Risk Notifications

Please note that the smart contracts generated from the Website will arrange and transfer the donated fund, to conduct quadratic funding algorithms, and distribute contribution funds to the projects of which the voting results in favor. Please understand that the website cannot guarantee the authenticity, legality and validity of the project information, though admins will contact the projects to verify the validity with their best effort. Please be aware of the risks of donation and voting and make rational decisions. Serum, HackerLink, or DoraHacks aren’t held responsible for any adverse consequences if any.

For more Information

Please visit our Website| TelegramTwitterYoutube

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