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commented
3 years ago Issue Status: 1. Open 2. Started 3. Submitted 4. Done
This issue now has a funding of 1.3273 ETH (2000.03 USD @ $1506.84/ETH) attached to it as part of the reflexer-labs fund.
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Prize
$2000 (in ETH)
Challenge Description
RAI is a non pegged stable asset that is minted against ETH. As opposed to other stable assets which are pegged to one specific value, RAI has a floating “peg” (called the redemption price) that changes according to market forces. The redemption price is changed every second by what we call the redemption rate. Both the redemption price and the redemption rate are stored in a smart contract called the Oracle Relayer.
For this challenge, you’re invited to build a synthetic asset tracking the Kovan RAI redemption rate movements using UMA. Note that the redemption rate can be positive or negative.
We have docs about the Oracle Relayer contract here. You can see the Kovan addresses for UMA’s contracts here. Entrants can join our Discord to talk through their submissions in the #development channel. You should also join UMA’s Discord channel in case you have questions about working with their protocol.
Important Consideration
For this challenge, you must test your solution using Kovan RAI.
Submission Requirements
Your project must be deployed on Kovan. Your project must also have an open-source license.
Submission Deadline
15th of March
Judging Criteria
Winner Announcement Date
The submission will be reviewed between 15th - 19th of March 2021. The payout and public announcement of the winner will occur before 22nd of March 2021.