34 Teams From Tezos DeFi Hackathon 2022 Want to Keep Working on Tezos
Two weeks ago, we invited Tezos DeFi Hackathon 2022 participants to fill out an application form and carry on developing on Tezos. By the time of publication, 34 teams have submitted applications describing their projects, and we have already transferred them to the Tezos Foundation and all the hackathon partners.
We’ve looked at all the applications – and we’re impressed with the participants’ plans. In this article, we will talk about what kind of projects may appear on Tezos.
Tezos DeFi Hackathon 2022 Has in Fact Become an Incubator
Tezos DeFI Hackathon 2022 attracted 1125 participants, 150 teams, 46 mentors, and 15 partners. The hackathon turned out to be a sort of an incubator: for almost two months participants studied development on Tezos, got their questions answered by partners and mentors, and worked with team mentors.
Because of Russia’s invasion of Ukraine, we were forced to suspend the hackathon without determining the winners or awarding the prizes. The Tezos Foundation and hackathon partners suggested that participants discuss getting grants to carry on developing on Tezos. Thirty-four teams have already applied: 26 teams have attached links to GitHub with the project code for the hackathon, and 17 of them have attached links to websites with working prototypes.
We hope that everyone will get grants and make cool products. In the meantime, let’s take a look at the most interesting applications.
What the Participants Are Planning to Develop
A Tezos Wallet for Apple Devices
The Tokenary team previously developed a wallet extension of the same name for the Safari browser. It now supports Ethereum and popular EVM blockchains, and the team wants to add support for Tezos and help integrate it with the ecosystem’s decentralized apps.
Safari is the second most popular browser after Google Chrome and Chromium-based browsers. Tokenary will be able to run on macOS and iOS devices. Making the Tezos ecosystem more accessible on smartphones is a great idea!
A Portfolio Tracker on Tezos
Wolver.me displays the status of the wallet: tokens on the balance, transactions on QuipuSwap and Plenty, funds deposited into liquidity pools, and open stoves in Kolibri. The developer of Wolver.me also added statistics on public backers and a potential to implement one-click delegation.
What is even more amazing is the fact that the main developer of Wolver.me, Yehab Othman, did everything alone. After receiving the grant, he plans to assemble a team, finish the project, and develop Web3 projects on Tezos.
A Dashboard With Swaps and Staking
Another solo developer Artem also developed a Tezik dashboard for portfolio tracking. In addition to balances, it displays detailed statistics on baking and the tez exchange rate against the most popular currencies.
The developer plans to refine Tezik and expand its functionality to turn the project into a popular tool for working with a portfolio.
A Bridge Between Everscale and Tezos
Bridges are the most useful DeFi services after DEX and stablecoins, and they benefit two blockchains at once. The Everangers team developed an eponymous bridge with decentralized relays to transfer native and regular tokens between Tezos and Everscale.
Everangers focused on the security and decentralization of their solution. The bridge will be managed by a DAO while relays will reach a consensus to confirm the transfer. The developers also plan to add transaction encryption.
A Rust Library
During the hackathon, the Big Kotik team could not find a library for RPC Tezos interaction in Rust. The team says such a library would help other developers create fast and safe applications to work with Tezos.
The BIg Kotik team is experienced with Rust and Go. At the hackathon, they were developing relays for a bridge between Everscale and Tezos in Go.
A Bridge Between Avalanche and Tezos
The Sputnik team developed an MVP for a token transfer bridge between Avalanche and Tezos. They want to implement full token exchange between blockchains instead of wrapping and decentralize the relay, i.e. the server that handles the bridge operations. Sputnik plans to use the grant to refine the bridge, as well as audit and market it.
Tokens as a Pass
The Fincubator SecurityBand team has nearly fulfilled the hackathon challenge. It created Green Knight, a service providing access to a site, Telegram or Discord channel only to the holders of certain Tezos tokens.
For instance, an NFT artist may create a chat room that only the holders of a native token can join. In theory, Green Knight can be integrated into any business with a subscription-based model: from scientific journals to online movie theaters.
DeBot for Tezos
DeBot is a smart contract to control another smart contract in the form of a messenger.
The DEvergence team developed such a DeBot for Tezos. They plan to release it, add support for the Everscale blockchain, cooperate with the developers of the Everscale-Tezos bridge, and expand its functionality.
The official Kolibri website solves users’ problems, but it could be simplified and made more convenient. The Levaki team rose to the challenge and developed an alternative frontend.
The most noticeable difference from the official site is the dark theme. The most important one is the built-in tez/kUSD swap on the basis of QuipuSwap pools. The Levaki team wants not only to finalize and launch the site, but also to create independent pools for the swap and to participate in the development of the Kolibri protocol.
By the way, Levaki made a grant application duplicate on Kolibri’s self-governance portal.
A Counterpart for Balancer on Tezos
The DoMiNo team made AMM V1, a tool for fair tokenization on Tezos. Unlike the usual DEX, DoMiNo’s project balances the exchange rate according to a given “weight” of tokens. In addition to demand-driven price balancing, AMM V1 supports time-limited auctions.
Marketplace for Liquidity Bonds
Curry&Uncurry developed Magnus, a liquidity bond marketplace on Tezos. A user exchanges LP tokens for bond tokens and receives regular payouts but cannot “redeem” the bond and get LPs back within a given period. This mechanism will help prevent liquidity outflows from DEX. In addition, bond tokens can be traded. In the end, it’s the same bonds as on the stock market but with higher yield and decentralization.
A Draw, Liquidity Router, and Fair Evaluator for NFTs
TheWho have been working on a win-win lottery and have published a prototype, TheWhottery. The team also plans to get a grant and launch two more projects.
The first one is a router that accumulates users’ liquidity for the needs of decentralized exchanges. It will be able to provide more favorable exchange rates.
The second one is a body of evidence for NFT. There are regular reports on Twitter that someone stole a digital picture, released it as an NFT, and made money without the knowledge of the real author. TheWho want to develop a tool to establish the “authenticity” of the content, as well as to calculate the time spent on the work and give the token a fair valuation.
Blockchain-based Random.org, Fitness Gamification, and Wordie on Tezos
The Hata team proposed three projects at once.
The first one is a decentralized counterpart of Random.org, which works on the basis of a smart contract. Ordinary people and big businesses can use it to conduct transparent draws with recorded proof of randomness.
The second one is a gamification of any popular activity in the form of betting on oneself. For example, it could be a fitness app where the user bets 1 tez that he will do 100 squats. If he fails to do them, it means he lost. But if he did it, he gets his bet back along with a share of the bets made by other people who lost their bets.
The third one is a decentralized version of Wordie which can be used to draw prizes. Again, the honesty proof of the draw is stored on the blockchain.
DeFi Dashboard With Detailed Stats
Breaking Bread made a very nice tez.watch dashboard to keep track of the wallet’s status. It displays the address balance and token allocation in DeFi protocols, NFTs, and even tez price. The team plans to launch a DAO and develop tez.watch in accordance with user needs.
Races Featuring Horse Collecting
The Blockchain Alchemy team developed the idea of a betting game challenge. They developed Tez Run, an authentic horse racing simulator. Users buy NFT horses, put them in races, and place bets. In addition to the graphic execution and proof of randomness, Tez Run can host collaborations with the authors of popular NFT collections. Care to see Tezzardz vs. Ottez?
Races With a Potential
If your browser can’t handle beautiful 3D graphics, you can focus on stylization. BanzaiTokyo did just that: instead of models, they offer conventional horses, and instead of a racetrack, just lines. But BanzaiTokyo Racing has a great potential to develop mechanics and integrate popular NFTs. The team plans to use the grant to develop new games and art projects.
Why the Teams Decided to Carry on Developing on Tezos
The main reason is that the developers liked the real decentralization of Tezos and the process of updating the protocol. Here are some answers to the question “Why Tezos?
TheWho: “We liked Tezos for its architecture, speed, and transaction costs. Another upside is the cool community with responsive people. Of course there are downsides, but the strengths of Tezos more than make up for them.”
Levaki: “Tezos will become something more than just a blockchain. It has a lot of cool developers with amazing projects right now, and we were happy to talk to them during the hackathon. Right now it’s right in between Ethereum that had been monopolized by big teams and Near that is yet to become fully developed. We think Tezos is going to fly to the moon soon, and damn, we want to be on that rocket!”
Sputnik: “Tezos is growing, the ecosystem is growing, and the community is growing, too. This is a chance for us to take our place among the projects and get at the forefront of development on Tezos. We were surprised by the originality of Tezos and the convenience of development tools. Working with the Tezos part of our project was the most interesting part of Tezos DeFi Hackathon 2022.”
We are grateful to all the participants in Tezos DeFi Hackathon 2022 for the time and effort they dedicated to Tezos. We hope to see you again soon!
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