finance-bitcoin-backed-stablecoins

[exiledsurfer]

Bitcoin Backed Stablecoins

• First Place: $7,500 in SOV
• Runner up: $5,000 in SOV
• Both winners eligible for post-hackathon grants for continuing to develop the project for deployment.

Challenge Description

Centralized stablecoins are a necessary evil at this point, but most of us would prefer to use decentralized, bitcoin based stablecoins. Submit concept + prototype.

Submission Requirements

• Participants need to be at least 18 years old by June 4th, 2021.
• Participants from everywhere can participate in this online event
• You need to register online as a team or as an individual.
• You can submit individually, or as a team. Teams should include no more than ten people.
• All of your team participants will need to register here
• Partners and their affiliates are not eligible for participation in Sovrython.

What makes a submission complete?

• A presentation (PDF, Slidedeck etc) describing the project
• Link to a public Github repository containing the code, team members, presentations, demo and documentation
• Link to a video demo (YouTube only) is advisable, but not strictly required
• The submission must be released under a GPLv3 compatible license
• Projects cannot be edited after submission.

Judging Criteria

Submissions will be judged by a panel of experts based on their technical merits as well as the likelihood of implementation in a manner adding to the functionality of the Sovryn Protocol / Platform.

Winner Announcement Date

Sunday, July 18th

Useful Links:

Sovryn Code Repo

[gitcoinbot]

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

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This issue now has a funding of 409.8361 SOV (12500.0 USD @ $30.5/SOV) attached to it.

• If you would like to work on this issue you can 'start work' on the Gitcoin Issue Details page.
  • Want to chip in? Add your own contribution here.
  • Questions? Checkout Gitcoin Help or the Gitcoin's Discord
  • $1,944,698.01 more funded OSS Work available on the Gitcoin Issue Explorer

[gitcoinbot]

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

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Work has been started.

These users each claimed they can complete the work by 1 day, 2 hours from now. Please review their action plans below:

1) bitbite01 has started work.

Bitcoin backed Stablecoins 2) jackethmoney has started work.

Cataliza is the decentralized borrowing protocol that manages USDB, the stablecoin only collateralized by Bitcoin(RBTC).

Learn more on the Gitcoin Issue Details page.

[gitcoinbot]

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

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Work for 409.8361 SOV (4213.16 USD @ $10.28/SOV) has been submitted by:

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• Learn more on the Gitcoin Issue Details page
• Want to chip in? Add your own contribution here.
• Questions? Checkout Gitcoin Help or the Gitcoin's Discord
• $1,664,072.38 more funded OSS Work available on the Gitcoin Issue Explorer

[gitcoinbot]

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

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The funding of 409.8361 SOV (4372.95 USD @ $10.67/SOV) attached to this issue has been approved & issued to @jackethmoney.

• Learn more on the Gitcoin Issue Details page
• Questions? Checkout Gitcoin Help or the Gitcoin's Discord
• $3,951,322.38 more funded OSS Work available on the Gitcoin Issue Explorer