[$1000] NEAR Ready Layer One Hackathon Prize: Interoperability Hack

SkidanovAlex commented 4 years ago

NEAR Ready Layer One Hackathon Prize: Interoperability Hack

Prize Bounty

1000 DAI

Challenge Description

Unlike other challenges, if there are multiple teams that make significant progress for this challenge, each team will be awarded the prize.

This challenge is to make a hack that works towards interoperability between NEAR and other blockchains.

A successful hack:

Provides a full design to have a bi-directional bridge with some other blockchain;
Has as many core components of the design implemented as possible;

We do not expect a full trustless bridge to be operational after one week. The hacks will be judged by the completeness of the design, and the extent to which the design was implemented.

Take inspiration from the NEAR <> Ethereum bridge currently being developed: https://github.com/near/rainbow-bridge/

Examples of what you can do:

Extend NEAR <> Ethereum with more functionality;
Integrate NEAR with IBC (More details and spec)
Add a one-directional bridge from Bitcoin to NEAR that tracks block headers and maintains the chain with the most work;
Add a bi-directional bridge with any other chain that supports smart contracts sufficiently complex to run a NEAR light client. See details on NEAR light client here.

Submission Requirements

Please make sure that your submission addresses the following criteria:

A working link to a demo of the application is required for submission
Open source code must be submitted with the demo to be considered
Submitted by the deadline
Be the original work of an individual participant or a group project
Built utilizing NEAR protocol

Additionally, we want to see some insights into your thought process that went into the idea generation and application development. Each submission will be evaluated on an individual basis.

Submission Deadline

The hackathon will take place from May 6th to May 12th. The submission deadline is May 19th at 23:59 PM CET.

Judging Criteria

An asynchronous panel of engineers will judge your hack. They will rate your project on a scale from 1-5 on the following grades.

Completeness of the design
Security considerations
How much of the design was implemented

The prize will go to one or more applications that best meet the listed criteria. Your application can qualify for several prizes.

Winner Announcement Date

Hacks will be reviewed immediately at the end of the hackathon. We will announce winners within 48 hours of the end of the hackathon, but likely sooner. All winners will be announced in one group.

More than one team can be awarded the prize for this challenge!

gitcoinbot commented 4 years ago

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

This issue now has a funding of 0.001 ETH (0.21 USD @ $209.12/ETH) attached to it.

If you would like to work on this issue you can 'start work' on the Gitcoin Issue Details page.
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- $87,807.78 more funded OSS Work available on the Gitcoin Issue Explorer

gitcoinbot commented 4 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 hours from now. Please review their action plans below:

1) kamescg has started work.

Analyze some of the DeFi Ethereum smart contracts I've been interacting with lately and see if they can be ported to NEAR. 2) dhruvluci has started work.

Create a prototype for 1:1 trustless token exchange between ETH and NEAR blockchains.

Learn more on the Gitcoin Issue Details page.

gitcoinbot commented 4 years ago

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

Work for 0.001 ETH (0.21 USD @ $213.1/ETH) has been submitted by:

@dhruvluci

@skidanovalex please take a look at the submitted work:

PR by @dhruvluci

Learn more on the Gitcoin Issue Details page
Want to chip in? Add your own contribution here.
Questions? Checkout Gitcoin Help or the Gitcoin Slack
$134,956.06 more funded OSS Work available on the Gitcoin Issue Explorer

gitcoinbot commented 4 years ago

⚡️ A tip worth 1000.00000 DAI (1000.0 USD @ $1.0/DAI) has been granted to @dhruvluci for this issue from @juliebissinger. ⚡️

Nice work @dhruvluci! Your tip has automatically been deposited in the ETH address we have on file.

$123227.93 in Funded OSS Work Available at: https://gitcoin.co/explorer
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gitcoinbot commented 4 years ago

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

The funding of 0.001 ETH (0.24 USD @ $242.26/ETH) attached to this issue has been approved & issued to @dhruvluci.

Additional Tips for this Bounty:

juliebissinger tipped 1000.0000 DAI worth 1000.0 USD to dhruvluci.

Learn more on the Gitcoin Issue Details page
Questions? Checkout Gitcoin Help or the Gitcoin Slack
$117,140.53 more funded OSS Work available on the Gitcoin Issue Explorer

nearprotocol / ready-layer-one-hackathon