#TezosDeFiHackathon Journey

#TezosDeFiHackathon Journey

Twenty-two teams fought for the prize pool of $25,000 separated into three categories: Own Idea, Challenges, and The Tezos Commons Choice.

Preparing for the hackathon

We started preparing the hackathon back in January. In order to help more developers get ready for it, Tezos Ukraine published an introductory course on smart contracts development on Tezos and held a workshop on the course’s topics. Two out of three winners of the workshop participated in the hackathon and won prizes: Sergei Makov of TONUTEZ TEAM, and Boris Martirosov of The Buttonists.

On top of that, we have held three supplementary workshops as part of preparing for the hackathon:

  1. A workshop by Anastasia Kondaurova of Madfish Solutions on the FA1.2 token standard on Tezos and the specific features of the functional language Ligo.
  2. A workshop by Michael Zaikin of Baking Bad on the BCD explorer, the PyTezos library, and working with Tezos smart contracts directly in the browser.
  3. A workshop by Kornei Vasilchenko of Madfish Solutions on the interaction with smart contracts within any JavaScript-supporting framework (not just browsers), as well as on Temple Wallet (ex-Thanos), a solution the hackathon participants found extremely useful.

The hackathon

The hackathon focused on the development of DeFi products for the Tezos ecosystem. The participants could develop their own ideas or solve a challenge offered by Madfish.Solutions and Baking Bad.

Among the areas for the development of the participants’ own ideas were AMM pools, derivatives, synthetic and backed assets as well as yield farming. Madfish.Solutions challenges focused on atomic swaps and their relation to DEX as well as bridges between Ethereum and Tezos.

Acting as the hackathon mentors were the representatives of Attic Lab, Atomex, Baking Bad, Madfish.Solutions as well as AI.Livee, DiscoveryNinja, GxO, Robonomics, Sportify, UAngel and even Ukraine’s Ministry for Digital Transformation.

There were 207 registered participants. Some of them were a pre-established team, others looked for more team members or wanted to join a team themselves in the hackathon’s Slack chat. Some others opted to stay individual and participate solo. Notably, the finals saw three solo developers with two of them winning prizes.

Eventually, there were 22 teams presenting 24 projects: 11 projects in the Own Idea category, and 13 in Challenges. Each team had a mentor assigned. They could also ask expert mentors specialized in different development and Tezos interaction areas for help.

The teams came up with lots of different ideas varying from FA1.2 and FA2 token factories to islamic mortgage solutions and a gaming galaxy where each planet is an AMM pool for in-game resources. Nonetheless, NFT proved to be the most popular topic: eight projects were dealing with them in one way or another with three of them woring on the NFT marketplace challenge.

Ten projects made it to the finals. The team leads defended their projects in front of the judges during the live broadcast of the finals. The jury consisted of the Tezos Ukraine co-founders Sergei Vasilchiuk and Mihai Tsibuliak, Madfish.Solutions CEO Matvei Sivoraksha, Attic Lab developer Mikhail Degtyariov, and Baking Bad developer Michael Zaikin, as well as representatives of Tezos Commons and TQ Tezos.

“Sponsoring Tezos DeFi Hackathon is the next step in the development of the community endorsement program. Together with TQ Tezos and the community we will select and award the best DeFi projects at the hackathon,” said Corey Soreff, the Tezos Commons executive director.

The judges evaluated the projects under eight criteria:

  1. Uniqueness
  2. Accordance with the hackathon theme / challenge
  3. Usefulness for the ecosystem
  4. User experience (UX)
  5. Applicability as-is, the readiness degree of the project
  6. Complexity of implementation and technologies involved
  7. Presentation and upscaling strategy
  8. Progress over the duration of the hackathon

Results

We started calling out the winners with the Tezos Commons Choice category, where Tezos Commons and TQ Tezos were picking the champions. Initially, there were three prizes planned for the category but the executive director of Tezos Commons Foundation Corey Soreff surprised everyone by adding one more prize.

  1. DONUTEZ TEAM for the flexible construction set for yield farming based on FA1.2 and FA2 token factory.
  2. Fortune for a tool enabling one to make on-chain bets on cryptocurrency exchange rates using the Harbinger oracle.
  3. The Buttonists for a multipurpose NFT marketplace with an NFT mining option and a new type of an all-pay auction.
  4. Dich for an instrument creating NFT comic strips that don’t require uploading to the IPFS.

The judges went on to announce the winners in Challenges and Own Idea categories.

Challenges:

  1. Fortune for a tool enabling one to make on-chain bets on cryptocurrency exchange rates using the Harbinger oracle.
  2. The Buttonists for a multipurpose NFT marketplace with an NFT mining option and a new type of all-pay auction the team has come up with.
  3. PlugTruck for a project of a music-focused NFT marketplace where musicians can tokenize their works and sell them to the fans as NFTs.

Own Idea:

  1. DeFi Experts for their DeFi game Space Traders where each planet in the galaxy is an AMM pool with in-game resources. Those trading the resources earn in-game currency they can later exchange for TEZ.
  2. DONUTEZ TEAM for the flexible construction set for yield farming based on FA1.2 and FA2 token factory.
  3. Dich for an instrument creating NFT comic strips that don’t require uploading to the IPFS.

Thus, there were six teams winning the hackathon: DONUTEZ TEAM, Fortune, The Buttonists, Dich, PlugTruck, and DeFi Experts. Congratulations!

Afterword

By all means, it’s very nice to be a winner but the core message of the Tezos DeFi Hackathon wasn’t about having to be the best in order to win. The core message all the organizers, mentors, judges in the jury, and Tezos Commons wanted to convey is much more important: whether you got a prize at the hackathon or not, the most important thing is whether you are interested in continuing the development of the Tezos ecosystem. And if you are, be sure you will have the full support of the Tezos community.

Join the Tezos community through our social media channels:

  1. Telegram channel
  2. Facebook
  3. Twitter in Russian and Ukrainian
  4. Twitter in English
  5. YouTube channel
  6. Instagram
  7. LinkedIn
  8. hub at ForkLog

Appendix

As an appendix to this report, here’s the list of all presentations from the finals as well as the line-up of the teams. We listed them in the order they were presenting their projects during the finals.

Video presentations:

  1. Dich
  2. DeFi Experts
  3. DONUTEZ TEAM
  4. SafeDeal
  5. Chainify
  6. PlugTruck
  7. Fortune
  8. Ivolga
  9. DONUTEZ TEAM
  10. The Buttonists

Line-up of the teams:

  1. Dich: Sergei Glushkovski
  2. DeFi Experts: Ivan Fedorov (team lead), Natalya Fedorova
  3. DONUTEZ TEAM: Sergei Makov (team lead), Oleg Rubanik, Oleg Khalin
  4. SafeDeal: Vladislav Sergeyev (team lead), Ilya Rozovski
  5. Chainify: Amir Boziyev
  6. PlugTruck: Georgy Bukharov (team lead), Daniil Orain, Nikita Churkin
  7. Fortune: Stepan Naumov
  8. Ivolga: Olga Ivanova (team lead), Natalia Timoshenko, Sergei Golyshev
  9. The Buttonists: Dmitri Bondar (team lead), Boris Martirosov, Vadim Sviridov, Timur Samoilov, Olha Rymar

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