Elrond Battle Of Yields Competition
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equal in EGLD
Normal, Low Risks
"The goal of the Battle of Yields event is to ensure that we bring you the best version of the Maiar Exchange. This goal will supersede everything else, and can lead to changes or adjustments to the timeline and rules in order to achieve it."
The Battle of Yields event has three main components:
Security - $50,000
Contribute to the security of the Maiar Exchange by finding security issues or platform vulnerabilities that can be exploited either to steal funds or disrupt normal operations.
- Devnet Maiar Exchange smart contracts (available here https://github.com/ElrondNetwork/sc-dex-rs)
- https://devnet.maiar.exchange - security, functionality
- Transaction signing & DEX interactions from the Maiar App, Web Wallet, other integrations
Not in scope:
- https://devnet.maiar.exchange - availability*
- https://maiar.exchange or other websites/domains
- Other smart contracts than the ones specified
Valid claims can be made through well-documented GitHub PRs, or well-executed attacks, followed by proper documentation. First come, first served.
*DDOS-ing or other similar attacks on the website will not be rewarded. We’re looking to assess the functionality and security under normal circumstances.
Contribution - $25,000
- Create tools for the exchange: graphs, arbitrage, trading bots, complementary smart contracts, etc.
- Find bugs and make epic suggestions
- Improve existing documentation, write new documentation, create guides (articles, video, infographics, etc)
You will be able to submit your contributions via a dedicated form. Items will be ranked on execution, utility, and originality. So make sure you pick a useful topic, cover it well and in an exciting way. Already existing relevant content is eligible for Battle of Yields rewards, just make sure you submit it when the time comes.
Stay away from over-done topics like “How to login”, “How to swap”, etc, these have already been covered. Only the best-executed item will be selected from similar ones.
Yield competition - $25,000
Everyone starts with the same amount of tokens. Perform swaps, provide liquidity, and farm yield to increase your total worth and win the Battle of Yields.
Only registered accounts will have access to test funds. Sending and receiving test funds and other exchange related tokens, either as griefing or for boosting other accounts, will result in disqualification or significant penalties for the involved accounts.
How To Join
- Go to https://battleofyields.com
- Login with Maiar
- Input your Battle of Yields wallet address - can be the same one as your Maiar address, we recommend using a new one
- Input your Telegram username
- Follow these important channels:
Participants who are eligible for rewards will have to complete a KYC process first.
Timeline & Rewards
Registrations are already open and will last until Sunday 12 September 23:59 UTC.
The competition begins on Tuesday 14 September 11:00 UTC and lasts until Tuesday 28 September 11:00 UTC.
In the meantime, you can start preparing by using the public Maiar Exchange testing platform: https://devnet.maiar.exchange/
Submissions will be analyzed and rewards distributed by 08 October.
The rewards will be distributed in $EGLD tokens, at the 7-day average EGLD/USDT parity.
The most scalable engine of the new internet economy is ready to be put to the test. Discover the potential of internet-scale DeFi.
Join the Battle of Yields! - https://battleofyields.com
Who can participate? Is KYC needed?
Everyone with a Maiar account can join the fun, receive test funds and be a part of the Battle of Yields competition. People who are eligible for rewards first need to pass a KYC process before being able to claim them.
In order to comply with regulations related to KYC/AML for such events, the following countries are excluded:
Afghanistan, Angola, Azerbaijan, Bosnia and Herzegovina, Botswana, Burundi, Cambodia, Cameroon, Chad, China, Congo, Congo (Democratic Republic), Cuba, Eritrea, Ghana, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Lao People's Democratic Republic, Liberia, Libya, Madagascar, Mozambique, Nicaragua, North Korea, Pakistan, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Tajikistan, Trinidad and Tobago, Turkmenistan, Uganda, United States, Uzbekistan, Vanuatu, Virgin Islands (U.S.), Yemen, Zimbabwe
How can I submit security issues?
You can submit your findings in a well documented manner as a PR on the GitHub repository containing the Maiar Exchange smart contracts. This is also valid for topics that are not related to the smart contracts themselves, but are valid according to the scope of the Battle of Yields competition.
How can I report bugs?
You will be able to report bugs via a dedicated form, to be made available at the start of the competition.
How can I contribute content?
You will be able to submit content via a dedicated form, to be made available at the start of the competition. Content that is created before the start of the competition is also eligible for rewards.
How do I make yields?
Swap tokens, deposit liquidity, deposit the resulting LP tokens in Farms, harvest rewards, repeat. The total value of your wallet counts towards your score, so make sure you maximize the “dollar value” through the most lucrative strategies and context-aware tactics.
Battle of Yields is an incentivized DEX stress-testing event, where security researchers, DeFi experts, and eager participants can share in a prize pool of $100,000, that will be awarded for Maiar Exchange-related security findings, tool development, guides, documentation, and strategies.
14 Sep 2021 14:00(UTC+3) - 28 Sep 2021 14:00(UTC+3)