search

bancorprotocol / contracts-solidity

Bancor Protocol Contracts
Other
841 stars 390 forks source link

Build a dApp for Deploying Stable Liquidity Pools (15 ETH) #310

Closed yudilevi closed 4 years ago

yudilevi commented 5 years ago

Title: Build a dApp for Deploying Stable Liquidity Pools

Prize: 15 ETH

Challenge Description: Bancor challenges developers to hack on one of the most exciting DeFi primitives - the decentralized liquidity pool. Liquidity pools are designed to perform non-custodial token-to-token conversions that also accrue value for liquidity providers who effectively act as passive market makers.

Up until now, liquidity pools have mostly been deployed with two volatile assets in their reserves. This has required liquidity providers to speculate on two volatile assets when contributing liquidity.

Bancor recently announced the release of USDB - a stable version of Bancor’s Network Token, BNT. USDB-based relays allow liquidity providers to plug into Bancor and generate fees from conversions without exposure to two volatile assets - which could dramatically reduce the risk of impermanent loss.

Now, we’re looking for a pioneering developer to create a DAPP that allows liquidity providers to transfer their liquidity from an existing Bancor liquidity pool (using BNT) to a Bancor liquidity pool that utilizes USDB.

Submission Requirements For a certain token X, the dApp should enable the following process:

Important notes:

Judging Criteria:

Submission Deadline October 4, 2019.

Winner Announcement Date October 10, 2019.

Helpful tools: Bancor Github: https://github.com/bancorprotocol/contracts USDB Github: https://github.com/zachdoty/peg-usdb Open-source liquidity portal built atop Bancor: bancor.cotrader.com & GitHub: https://github.com/CoTraderCore/Bancor-CoTrader-UI Bancor Developer’s Telegram Channel: https://t.me/BancorDevelopers Video explainer on Bancor community staking: https://www.youtube.com/watch?v=oXTvHwRO61M&feature=youtu.be Video explainer on Bancor liquidity pools (i.e., “Bancor Relays”): https://blog.bancor.network/how-bancor-relays-work-c712a374374f More resources at blog.bancor.network

gitcoinbot commented 5 years ago

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

This issue now has a funding of 15.0 ETH (2536.08 USD @ $169.07/ETH) attached to it as part of the yudilevi fund.

gitcoinbot commented 5 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 years, 5 months ago. Please review their action plans below:

1) mul1sh has started work.

I've been going through the bancor liquidity docs and understand them quite well, so i can definitely build this dApp as required. Thanks 2) masaun has started work.

I will build DApp by using something of Bancor. 3) tgrecojs has started work.

Integrate a ReactJS application with data from the Bancor.network API to retrieve and view the dynamic components for pirchasing crypto, doing exchange rate calculations, etc. 4) adaptivedev has started work.

We know the Bancor code inside and out and will complete task. 5) nionis has started work.

Hello again, I have created a dapp where a user can transfer his liquidity to a usdb based pool. 6) ruslanmirov has started work.

i wrote code for bancor.cotrader.com

Learn more on the Gitcoin Issue Details page.

gitcoinbot commented 5 years ago

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

Work for 15.0 ETH (2628.75 USD @ $175.25/ETH) has been submitted by:

  1. @mul1sh
  2. @nionis

@yudilevi please take a look at the submitted work:

tgrecojs commented 5 years ago

@gitcoinbot is this still taking submissions? gitcoin says to check to see if submissions are being added. I spent a good bit of time trying to get this in order but ran into a few issues as I was unfamiliar with the API. Specifically, I don't have test funds in order to complete the transactions . I'm not sure if this is something i'm misunderstandings so I reached out to the Bancor team but I didn't have any luck as they were unable to supply me with one.

I've already built out a wallet that provides the ability to toggle between currencies, but i'm really just stuck with this testing. Fortmatic does supply 1 test ETH so simulate single and multi party trades.

If there was ever a way in which I could set up a discussion with someone from Bancor, then it would be really appreciated as I feel like it would clear up a lot for me. I'm new to crytpo, but work in UI development of exceedingly high volume trading applications at a tranditional finalicial insittution. I'm really interested in this new landscape though! Appreciate Bancor for even holding the content - definitely let me know if I could still submit my work for a valid entry (if others could submit as well). Thanks :)

tgrecojs commented 5 years ago

@yudilevi any insight on this? can finish it up this evening - tomorrow evening as i've found some free time from work

yudilevi commented 4 years ago

Long gone :)