Overview
DeFi is where the crypto hype started, and it will continue to be. And for the last year, we’ve seen the rapid rise of Web3 and DAO tide and the creator economy in the space. We wanted to see what could be built, beyond the horizons of the current reality.
Enter stablecoins, a digital currency that is pegged to a reserve asset and designed to be volatility-free. The adoption of stable coins was the turning point we saw that DeFi is not a financial silo and potentially anchors the real world.
The interactive and interoperable landscape has formed. Stablecoins and DeFi need to pace up with ever-needed demand in many realms. At the crossroads of climate and crypto, it begs the question — How can we revitalize stablecoin system and catalyze inclusive, interactive, user-owned solutions?
At the Celo x Huobi hackathon, we aim to bring together incredible people working on innovative solutions to not only sustain our planet, but define what the Web3.0 mobile DeFi landscape will look like. Sign up for the Celo x Huobi: Stablecoin in Web3 & Sustainability Hackathon, today.
Challenges
Spanning across 3 tracks, the challenge here is to integrate stablecoins with different aspects of the Web3 space.
Stablecoins +
dApps Solution
This challenge focuses on building stablecoin-related financial solutions on Celo, with a focus on –
- Expand the use of Celo Dollar (cUSD) to emerging markets with high rates of inflation or;
- Explore payment tools and middleware.
Stablecoins +
DAOs
The second challenge surrounds projects that integrate stablecoins with DAOs, including credit-based finance, crowdsource platforms/venture DAO, and decentralized charity.
Project ideas to get you started:
- Credit-based Finance: Credit lending, collateral lending for financially-undeserved groups
- Crowdsource Platform/Venture DAO: Democratic funding to meaningful causes such as climate change, education, etc.
Stablecoins + DeFi mobile solutions
The third and last challenge concerns uniting stablecoins with DeFi mobile solutions in order to integrate a Web3 component into DeFi.
Project ideas to get you started:
- DeFi + Earn: Inclusive income growth for Celo users in emerging markets, including micro income stream aggregator asset management and reinvestment tools
- Mobile DeFi + SocialFi: Create identity and social network mapping tools, information push channel
- DeFi + Interoperability: Migration of infrastructure, users, assets, and devs from other chains
Prizes
The stakes are high — we’ve got a prize pool of 500,000 cUSD.
Overall Winner
Grand Prize
100,000 cUSD
• Listing opportunity
• Hackathon Premium Swag box
Per Challenge Statement
Track Winner
50,000 cUSD
• Listing opportunity
• Hackathon Premium Swag box
Runner Ups x3
15,000 cUSD
• Hackathon Premium Swag box
Most Innovative Project
5,000 cUSD
• Hackathon Premium Swag box
Climate Change Bonus
Awarded to teams that integrate climate change/carbon credit
5,000 cUSD
on top of any prizes above
*Bonus will be given out until the 100,000 cUSD pool is fully drawn out
Hackathon Schedule
Judging Criteria
Our judges will grade submissions across 4 equally-weighted categories:
Impact and Usefulness
How impactful and useful the submission is in the Celo ecosystem as a whole?
Originality, Creativity
and Innovation
How new and novel the submission is versus existing technologies?
Technical Difficulty
What is the level of skill or knowledge required to build the submission?
Mass Usability
How feasible is the idea? How adaptable is it across other integrations?
Resources
Learn how to get started building on Celo.
Useful Tools
& Resources
FAQs
The event will be held from May 23 to June 24, 2022.
This event is open to all! Whether you’re an experienced blockchain or non-blockchain developer, want to learn more about building on/for Celo and Huobi, or are entirely new to the Web3 space, we welcome you!
As long as you are a legitimate citizen who are not within our list of ineligible countries, with an internet connection and is 18 years old and above. Please refer to the eligibility restrictions section on Participation Agreement.
Yes! We want anyone with ideas or the passion to innovate to participate. Teams will however need at least one individual who can build/code a prototype as a code artefact is required for project submission.
The minimum number of participants in a team is 1, while the maximum number is 5.
Teams are recommended to be formed within your own locations & time zones to avoid time zone fatigue but this is not mandatory. You can choose to join a team located in another time zone as well.
Yes! Only registered individuals are eligible to participate. Please ensure that all members of your team have registered their teams accordingly as well.
While participants can submit a project individually, we encourage everyone to form teams (of up to a maximum of 5 members) where possible to make the ideation and development process more enjoyable!
Community Partner
