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ava-labs / open-defi-hackathon

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Subnet and Virtual Machine #3

Open cgcardona opened 2 years ago

cgcardona commented 2 years ago

Prize Bounty

$15,000 in USDC

Challenge Description

Avalanche subnets allow anyone anywhere to spin up a taylor-made network w/ custom virtual machines and complex validator rulesets. They enable permissionless and permissioned networks to launch with optional privacy and regulatory compliance.

Virtual machines are the application-level logic of your blockchain. Technically they're state machines that include the state of your blockchain, the state transition function and an API that users can interact w/ your blockchain. Avalanche provides APIs for creating DAG blockchains with partial ordering for P2P payments and linear blockchain with total ordering for smart contracts. Developers get thousands of tx per second with sub-second immutable and irreversable finality out of the box and don't need to worry about the underlying networking, consensus or data structures, all of which are handled by the Avalanche network.

Submission Requirements

  1. Virtual machine should be created using the Avalanche DAG or linear chain APIs and should be deployed on a subnet that is live on the Fuji testnet. You may base your work on the Create a Custom Blockchain tutorial.
  2. Create an incentive structure to get validators on your subnet. This can include rewarding validators with fees or incentivizing validators with a token.
  3. Smart contract(s) and front-end code should be available for review/audit and licensed under a common Open Source license such as MIT or BSD-3.
  4. Full documentation
  5. Video demo of the submission

Avalanche Developer Documentation

Judging Criteria

This category is limited to 1 winner. The submission which most closely meets the requirements will be the winner. Partial or unfinished submissions are not eligible for the prize. If no submission meets the requirements then there will be no winner.

Winner Announcement Date

Sept 30th

gitcoinbot commented 2 years ago

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

This issue now has a funding of 15000.0 USDC (15000.0 USD @ $1.0/USDC) attached to it.

dominichackett commented 2 years ago

I am a bit confused with requirement 3. Smart contract(s) and front-end code should be available for review/audit and licensed under a common Open Source license such as MIT or BSD-3.

I am seeing on GITCOIN this is listed as a backend. What are you expectations for this requirement?

gitcoinbot commented 2 years ago

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

Work has been started.

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

1) ajand has started work.

Making a decentralized oracle for making http get requests.

Learn more on the Gitcoin Issue Details page.

gitcoinbot commented 2 years ago

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

Work for 15000.0 USDC (15000.00 USD @ $1.0/USDC) has been submitted by:

gitcoinbot commented 2 years ago

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

Work for 15000.0 USDC (15000.00 USD @ $1.0/USDC) has been submitted by:

  1. @enckrish

@exk2000 please take a look at the submitted work: