/defi-hackathon

Solana Foundation x Serum DeFi Hackathon · Up to $400k in prizes

Bringing Blazing Speed, Low Fees, and Scalability to Decentralized Finance

Introduction

Solana is a fast, low-fee, and censorship-resistant blockchain designed to enable builders to quickly deploy and scale applications to billions of users globally. The Solana Foundation has teamed up with Serum, the largest DeFi project in the ecosystem, to host a hackathon focused on allowing developers to experiment and leverage our technology to create a plethora of DeFi (Decentralized Finance) applications.

As long as you have an Internet connection, you're invited to join the global hackathon! Combining Serum's infrastructure and tooling with Solana’s core features gives hackers an open design space to expand the overall DeFi ecosystem. While participants are encouraged to build novel DeFi apps, hackers can build infrastructure or any tool they believe will have an impact on the ecosystem. The only requirement is that teams must incorporate Solana into their project in some way. Take a look at this list of DeFi ideas for inspiration.

Get Started Building

Other Resources + DeFi Building Blocks

Judging

Participants may submit a maximum of 1 project by the hackathon deadline. Once all submissions are collected, Solana will distribute a list to the judges for the evaluation process. Teams and individuals are evaluated on the following criteria:

  1. Functionality
  2. Potential impact
  3. Novelty
  4. Design + UX
  5. Composability

After judges complete individual evaluations, the hackathon organizers will discuss with the judges to choose the winners based on the project's weighted scores. Winners of the event will be announced shortly after the end of the hackathon.

Once winners have been selected, the top 9 teams will have the opportunity to compete for an additional $200k in seed funding. This gives serious builders a chance at jumping full-time into the Solana ecosystem and receive extensive resources from the Solana Foundation, Project Serum, and leading venture capital firms.

Prizes

Place Prize
Grand Prize Winner $200k in seed funding
First Place Winners 2 winners up to $50k each + Solana Swag
Second Place Winners 3 teams of $20k each + Solana Swag
Third Place Winners 4 teams of $10k each + Solana Swag
Community Choice Prize $5k + Solana Swag
Torus Prize $2k
All participants that submit a project $100

Discord Discussion Channels

Code of Conduct

The Solana x Serum DeFi Hackathon welcomes any one from around the world to participate and is intended to create an inclusive environment for building, collaboration, creativity, and impact. We value the participation of each member of the community and want everyone involved to be respected. Accordingly, hackathon administrators, judges, and participants are expected to adhere to the Code of Conduct outlined below for the duration of the hackathon. Event organizers will enforce this code and have the right to disqualify any individual or team that breaks the code.

  • Be Respectful: Be kind to all who participate in the event. Do not insult or put down other attendees.

  • Behave Professionally. Remember that harassment, racism, sexism, or exclusionary jokes are not appropriate for this event. Harassment includes offensive verbal comments related to gender, sexual orientation, disability, physical appearance, race, and/or religion. Sexual images in public forums, deliberate intimidation, online stalking, following, sustained disruption of virtual presentations, or any other inappropriate action is strictly prohibited

  • Be Thoughtful: In the spirit of open source and inclusiveness, there may be minors participating in the hackathon. Keep this in mind when communicating or speaking in public forums.

  • Be Open: We welcome attendees from all backgrounds. This event is about increasing awareness for Solana and the greater crypto space. Please be welcoming to all who register for the event and help us create a friendly environment for all.

  • Believe in Yourself: Crypto opens the door for anyone to permissionlessly build applications that will change how we all interact with finance, gaming, and the Internet as a whole. Dream big and use this powerful technology to create a better world.

Legal Disclaimer

The Solana Foundation x Serum DeFi Hackathon is a competition where projects will be evaluated by judges on their technological merits without consideration of legal viability. Participants in the Hackathon will create software solely for purposes of evaluation by judges as part of a competition and not for commercial deployment or release as part of the Hackathon.All participants must comply with applicable laws and regulations when releasing any software that they develop as part of the Hackathon.

The Hackathon ideas and developer resources that Solana Foundation (“SF”) provides are for educational and inspirational purposes only. SF does not encourage, induce or sanction the deployment of any such applications in violation of applicable laws or regulations. SF does not encourage, induce or sanction the deployment, integration or use of any such applications (including the code comprising the Solana blockchain protocol) in violation of applicable laws or regulations and hereby prohibits any such deployment, integration or use. This includes use of any such applications by the reader (a) in violation of export control or sanctions laws of the United States or any other applicable jurisdiction, (b) if the reader is located in or ordinarily resident in a country or territory subject to comprehensive sanctions administered by the U.S. Office of Foreign Assets Control (OFAC), (c) if the reader is or is working on behalf of a Specially Designated National (SDN) or a person subject to similar blocking or denied party prohibitions, or (d) in violation of the Commodities and Exchange Act.

The reader should be aware that U.S. export control and sanctions laws prohibit U.S. persons (and other persons that are subject to such laws) from transacting with persons in certain countries and territories or that are on the SDN list. As a project based primarily on open-source software, it is possible that such sanctioned persons may nevertheless bypass prohibitions, obtain the code comprising the Solana blockchain protocol (or other project code or applications) and deploy, integrate, or otherwise use it. Accordingly, there is a risk to individuals that other persons using the Solana blockchain protocol may be sanctioned persons and that transactions with such persons would be a violation of U.S. export controls and sanctions law. This risk applies to individuals, organizations, and other ecosystem participants that deploy, integrate, or use the Solana blockchain protocol code directly (e.g., as a node operator), and individuals that transact on the Solana blockchain through light clients, third party interfaces, and/or wallet software.

In accordance with the open source Apache 2.0 license ("OS License") pursuant to which the Solana Services are provided, by participating in the Hackathon, you hereby grant to Company and the Solana community a perpetual, irrevocable, royalty-free, worldwide, nonexclusive copyright license to reproduce, publicly display, publicly perform, distribute, create derivative works based upon, and otherwise use and sublicense any contributions or developments ("Developments") provided by you in connection with the Hackathon and such derivative works in source code or object code form. We may reproduce and distribute copies of the Developments or derivative works thereof in any medium, with or without modifications, and in source code or object code form subject to the OS License. Any contribution intentionally submitted for inclusion as part of the Hackathon shall be under the terms and conditions of the OS License. You agree not to challenge or contest our rights or anyone else's rights to use the Developments. You agree that it is your sole responsibility to obtain all permissions and releases necessary for the grant of the rights contained in this Section. You agree to take, at your expense, any further action (including execution of affidavits, tax forms, and other documents) reasonably requested by us to effect, perfect or confirm the rights as set forth in this Section. You will not be entitled to compensation for any use by Company, or its agents, licensees or assignees, of your contributions or developments, except as expressly provided herein.