Harmony & Gitcoin Hackathon Bridging TradFi to DeFi - DropsEarn
Harmony & Gitcoin Hackathon Bridging TradFi to DeFi

Harmony & Gitcoin Hackathon Bridging TradFi to DeFi

    A Hackathon to bring Traditional Finance to Decentralized Finance. Over $1,000,000 in prizes and seed funding from Harmony and Prize Partners.

    Reward pool
    $1,000,000
    Expected profit
    up to $20,000
    Max participants
    DropsEarn score
    Neutral

  • Activity Type: Bug bounty Hackathon Development Grant Tech
  • Date: 15 Aug 2021 10:00(UTC+3) - 30 Sep 2021 10:00(UTC+3)
  • Registration: Open
  • Event status: You can participate (Event started, Registration open)
  • Links: Harmony Discord Channel Event page
Go to event page

Event Details

What is Harmony?

Build on Harmony, run on all chains.

Harmony is your open platform for assets, collectibles, identity, governance. Be the ONE to bridge to all blockchains. Harmony is an open and fast blockchain.

Harmony mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. Harmony’s secure bridges offer cross-chain asset transfers with Ethereum, Binance and other chains.

Tracks

Cross Chains with Trustless Bridges

Harmony team is making their Ethereum bridge fully trustless and highly gas-efficient and is among the first cross-chain solutions with FlyClient that connect Proof-of-Work Ethereum and Proof-of-Stake chains.

Harmony is also prototyping research for wrapping BTC as cross-chain collaterals. This approach is not only capital efficient but also fully trustless as on-chain and open-source contracts — a breakthrough in the industry.

Social Wallet with Keyless Security

Billions of users can earn 10% or more annual returns with crypto assets. But they must stop worrying about seed phrases, device loss, email phishing, phone hijacking

Harmony can secure everyone’s financial future against password breaches, software bugs, platform malware and exchange hacks.

Harmony team is bringing the best research called SmartOTP (One Time Password) with air-gapped and composable authentication into production.

Cross Border with Fintech Integrations

Blockchains enable many marketplaces but banking services are the native use.

Finance products within one country are already highly efficient and protected. On the other hand, purely on-chain DeFi solutions without onramp gateways or local distribution have limited impact in real-word economies.

Harmony focuses on bridging high-growth economies, hence CrossFi for cross-border finance.

Prize Partners

Over $1,000,000 in prizes and seed funding from Harmony and these Prize Partners:
 

Here are the guidelines for prizes and grants for Harmony’s $1 million hackathon

There are 3 main themes and within each theme there are 4 tracks. Those are listed below.

For each of the 12 tracks, the prize pool is $81,000. The judges will select the following winners and prizes:

  • Top Prize: $20,000
  • Second Prize: $10,000
  • Third Prize: $5,000
     

Pool Prize: $6,000 divided up for all projects with a qualified submission: a smart contract deployed on Harmony mainnet / testnet. The pool prizes are entirely up to the discretion of the judges.
 

Each track will then have 4 follow on grants of $10,000 each to give out in the 3 months after the hackathon for any winner reaching any of the goals:

  1. mainnet launch with at least 1,000 users
  2. $100,000 in independent funding
  3. 100 active DAO members in forum

These milestones must be reached by December 31, 2021 before the grants expire.
 

For each track, there will be a 9-person multi-signature wallet of $40,000 and those signers will give out the 4 grants. The 9 people will be the top 3 winners, 3 from the pool prize and 3 from the judges, Harmony DAOs (community, validator), developer captains, and pangaea captains.

The multi-sig holders will decide on the 4 follow-on grants, though we ask that all follow on grants be posted in the Harmony forum (here) with strong support from the community.

In addition to the 12 Harmony tracks, we are working with Terra, Chainlink, Sushi, Maddock Capital, and Hashkey on a challenge with the following prize structure: $20K for top prize, $10K for second, $5K for pool prize, and 2 follow on grants of $10K to be decided by the prize partners.


Schedule

In addition to the hackathon, there will be a series of workshops, fireside chats, panel interviews, office hours, and check-ins. The schedule is TBD but will be announced as soon as possible. In the meantime, here are the key dates:

  • July 15, Open Registration
  • August 16, Hackathon begins, Opening Ceremonies
  • August 17, Team Formation (details TBD)
  • August 20, Submit Team names and team members
  • September 15, Mid-point Demo Day (optional, depending on interest)
  • September 30, Submission Deadline, Hackathon ends, Closing Ceremonies
  • September 30-October 5, Judging
  • October 6, Winners Announced
  • October 11, Payouts Completed

Important Links

Contact / Get Developer Help