Hackers, we hope you are excited for the Encode Club Hackathon! Bringing the Ethereum ecosystem together in London, we are looking forward to seeing what you build.
We are pleased to share that API3 will be offering a total of $3000 USD value in API3 tokens
API3 dAPI price feeds and OEV are available on 37 chains across the EVM ecosystem.
🏆 Best implementation of the OEV network liquidator or liquidation tools: Up to $3000 API3 between a max of 6 winners
- 🥇 2 times $1000 per team (Utilizing API3's OEV)
- 🥈 4 times $250 per team (Utilizing API3 Price Feeds)
We are looking for projects that
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1 - Enhance the OEV searcher experience with dashboards
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- Build a dashboard that monitors health positions of borrowers that filters with positions near health of 1.0
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- Utilize this script to update a price oracle on the dashboard
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2 - utilize an API3 oracles to create a real-world use case for our price feeds in smart contracts within DeFi.
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3 - Bots that run liquidations using OEV
Looking for help? Head to the API3 Discord and drop questions in the #dev-support channel: https://discord.gg/api3dao
First-party oracles provide a more secure and reliable oracle, whilst enabling dApps to verify the data source. API3's first-party oracles are powered by Airnode, a serverless oracle node that enables API providers to run their own oracle nodes.
Oracle Extractable Value
- The ability to allow users/searchers to bid for the right to update an price feed before the oracle is scheduled to update. Learn more about OEV Here.
Price Feed Dashboard tool: https://centurion.web.app/
dAPIs provide smart contracts with access to continuously updated feeds of market data by oracles hosted by highly reputable financial data providers.
- Managed dAPIs are powered by multiple first-party oracles with native-chain aggregation offering a verifiable, decentralized oracle solution. Once a dAPI has been integrated a smart contract can access a range of data feed services through the API3 Market.
More reading on API3:
Manage a stable coin using our oracles UNIQUE ideas using a borrow/lending dapp Creative dashboards to keep track of onchain and offchain prices and compare the difference
Links to different repos for examples and help.
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OEV Searcher Starter Repo https://github.com/api3dao/oev-searcher-starter
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Full OEV Searcher Bot (in depth) https://github.com/api3dao/oev-orbit-bot-example
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Deploy your own lending dapp, complete with liquidation scripts https://github.com/billyjitsu/aave-v2-cli-encode
Looking for help or just want to hang with industry leading developers? Head to the API3 Discord and drop questions in the #dev-support channel: https://discord.gg/api3dao
All hackathon participants who are competing for the API3 bounties are required to submit a project that meets the following requirements:
- The project should be submitted to the Encode Club London Hackathon 2024 by the deadline.
- Use of API3’s dAPIs that facilitates a proper use-case.
- The project should be deployed on a testnet/mainnet (No local tests)
- OEV does NOT have testnet, only mainnets
- The project should be open-source with a public Github repository with the codebase.
- The repo must be licenced with one of the following open source licences: GPL-3.0, or MIT.
Participants may submit a maximum of 1 project by the hackathon deadline. After submission, projects will be judged by the following criteria:
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Real-world Functionality: How well does the project work? Does it meet the minimum requirements?
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Technical Difficulty: How technically challenging was it to build the project?
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Originality: How original is the idea? How much does it differ from other existing solutions?