Multi-Chain Address Classification API

harishraisinghani commented 2 years ago

Multi-Chain Address Classification API

Prize Bounty

Prize Pool: 4,000 USDT
Prize pool distributed to a maximum of 3 projects
Top projects will be eligible for post-hackathon grants to continue development

Challenge Description

Covalent ingests and indexes every transaction and event from more than 10 different blockchains (and growing). With this data we can see every transaction that every active address has made. Thus we should be able to classify and group addresses according to their activity. There are simple labels (LP whale, DEX trader, etc.) that we can start with and the list can grow to include deeper and more complex multi-chain linked labels and predictive labels. Some ideas are outlined below.

You will be provided access to Covalent's replica PostgreSQL database from which you can build your machine learning pipeline. You can also use the Covalent API where applicable.

To request access to Covalent's replica database, please complete this form.

Classification Ideas:

More than $100,000 USD of profit providing liquidity and mining liquidity in a DEX.
Millionaire/Billionaire (maybe also a label that indicates which token(s) they have 1M plus in)
Profitable DEX trader

Submission Requirements

Your submission should be an API that takes a chain_id integer value and address(es) and returns a list of labels based on your classification algorithm trained using Covalent's database.

You are encouraged to support your submission with a video explanation of the labels you created and the pipeline that you built.

In addition:

The submission must be released under a GPLv3 compatible license
Participants from everywhere can participate in this bounty
You can submit individually, or as a team. Teams should include no more than four people.
All of your team participants will need to register here

Judging Criteria

Submissions will be judged by Covalent based on their technical merits as well as the likelihood of implementation.

In general, submissions are graded on a 1-5 scale in each of the following categories

Originality: Does the template incorporate something entirely novel, or at least take a fresh approach to an existing problem?
Execution: Is the template usable in its current state? Is the user experience smooth? Does everything appear to work? Is it well designed?
Usefulness: Is the template practical? Is it something DEX's would actually use?
Learning: Did the individual or team stretch themselves and push the boundaries of learning in this space?

Winner Announcement Date

Wednesday November 10, 2021

Resources

gitcoinbot commented 2 years ago

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

This issue now has a funding of 4000.0 USDT (4000.0 USD @ $1.0/USDT) attached to it.

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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 3 weeks, 3 days from now. Please review their action plans below:

1) chainiqedu has started work.

Multi-Chain Address Classification API

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 4000.0 USDT (4000.0 USD @ $1.0/USDT) has been submitted by:

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
$7,190,720.54 more funded OSS Work available on the Gitcoin Issue Explorer

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