gitcoinbot
commented
6 years ago Issue Status: 1. Open 2. Started 3. Submitted 4. Done
This issue now has a funding of 8000.0 KNC (3080.93 USD @ $0.39/KNC) attached to it as part of the Kyber Network fund.
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debragail
Anyhowclick
What is Kyber?
Kyber is a widely used on-chain protocol that makes accessing liquidity simple for users, DApps and financial applications. The protocol has powered decentralised token swaps on popular wallets like MyEtherWallet and imToken, decentralised token payments (users can pay in any supported ERC20 token) in popular DApps like Etheremon and Peepeth and providing an on-chain liquidity source for decentralised financial applications like MelonPort, Set Protocol, b0x and many more.
Kyber protocol brings token inventories and prices on-chain, hence allowing developers to directly embed value exchanges into their smart contracts without any technical or security overhead. This allows for:
Instant confirmation. A transaction happens with instant confirmation if it's sent from on-chain entities like smart contracts. Otherwise, once the transaction is included on the blockchain, the execution triggered by the transaction is immediately confirmed.
Operation certainty. There is no transactional risk. Users know the rate and how much liquidity is available before they commit their transaction. There is also no settlement uncertainty or counterparty risk.
Global and diverse pool of different tokens. Kyber welcomes token holders to contribute their token to the liquidity pool. By having their token made available to the liquidity pool, the token will be available in all services integrated with Kyber.
What can you #BUIDLwithKyber?
Instant token swaps
Embed simple and atomic ERC20 <-> ERC20 token swaps in your application.
Single Step Payments
Expand your payment options for your users by accepting not just ETH, but ERC20 tokens too. Empower your users with the freedom of choice in pay in their favourite tokens. Peepeth and Etheremon are but some examples.
On-chain Fund Rebalancing
Achieve seamless liquidation of assets for immediate rebalancing of portfolios in a single transaction. Take a look at Betoken for a glimpse of what is possible!
Arbitrage Programs
Take advantage of market inefficiencies, since prices are not always the same across different price discovery venues, especially between off-chain and on-chain prices. Help improve price equilibrium across the market whilst profiting from it!
Bounty
Getting Started
Our developer portal is the place to go!
Submission Criteria
Determined by ETHSF.
Prize
USD $3000 worth of KNC tokens!
Judging Criteria
1. Idea (20%)
The importance of Kyber's protocol in the application, & originality of the idea.
2. User Experience (25%)
Intuitive, easy to use and interact with.
3. Technical Difficulty (25%)
Going above and beyond of what we specified. Good code quality, bug free, with thorough documentation.
4. Usability (25%)
Other projects are able to build on top of your application, or incorporate it into their own.
5. X Factor (5%)
Something that makes us go "Wow!"
Contacting Us
We will have a booth set up during the event, so just drop by to meet us! @Loiluu, @Anyhowclick, @ayobuenavista, @bby1234 and @denizined will be around during the event to assist with any questions you may have! Additionally, you may join our developer group on Telegram!