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commented
3 years ago Issue Status: 1. Open 2. Started 3. Submitted 4. Done
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0xZinth
Prize Title
Automated market making strategy for stablecoins using the 1inch Limit Order Protocol
Prize Bounty
3,000 USD in 1INCH Tokens
Challenge Description
Write a smart contract that creates buy/sell orders for stablecoins. The idea is to be able to buy stablecoins at lower rates and sell at higher rates, making a profit on rate differences. A smart contract would simultaneously create buy and sell orders.
1inch limit order protocol is a set of smart contracts, that can work on any EVM based blockchains (Ethereum, Binance Smart Chain, Polygon, etc.). Key features of the protocol is extreme flexibility and high gas efficiency that achieved by using two different order types - regular Limit Order and RFQ Order. Smart Contract allows users to place limit orders and RFQ Orders, that later could be filled on-chain. Both type of orders is a data structure created off-chain and signed according to EIP-712.
Judging Criteria
Solution must be unique and it must work. We expect demo, not presentations We'll do a code review to ensure code quality to make the final decision.
Resources
Limit Order Protocol Documentation