Plenty, a DeFi protocol on the Tezos blockchain, along with Tezos India, is organizing a two-month hackathon designed to produce solutions to several Plenty use cases. The application period for the Plenty Global Hackathon 1.0, can be submitted beginning Nov. 20.
Possible use cases include Plenty IDO Launchpad, widgets, developer SDK, bots, NFTs, farm auctions, UI/UX enhancements, and flat yield curve implementation. The ultimate goal is to produce a full-scale decentralized financial ecosystem on Tezos. Plenty Global Hackathon 1.0 aims to establish a wider range of use cases for decentralized finance by empowering traders, liquidity providers, and developers to actively participate in an open decentralized financial marketplace.
Plenty Global Hackathon 1.0 will be held on the Devfolio platform with $24,000 in prizes available. The top five projects will have the opportunity to receive follow-on grants of up to USD $10,000 each. Outstanding projects will be eligible for additional funding or an invitation to join the Plenty core team.
“Our mission is to build a full-blown DeFi ecosystem on Tezos,” Plenty DeFi co-founder Bernd Oostrum said. “We want a large community of people to join this DeFi revolution, build innovative products, and take this ecosystem to the next level. By partnering with Tezos India, we are looking forward to seeing this revolution burst into action.”
In a statement, Plenty said the hackathon will enable training and mentorship programs to foster future blockchain talent and provide them with the resources and the tools to take full advantage of Plenty and the Tezos ecosystem. The hackathon will connect participants with leading industry experts to tackle new challenges and pioneer new features on Tezos.
“DeFi on Tezos is growing exponentially and projects like Plenty DeFi are leading the charge,” Tezos India president Om Malviya said. “With the Plenty Global Hackathon, we want to enable greater participation in the Tezos DeFi space, and encourage all developers to create new and innovative ideas and further advance the Tezos DeFi ecosystem. We are excited to join hands with Plenty to enable that,”
The Plenty Automated Market Maker (AMM) is designed for exchanging tokens on the Tezos blockchain. The smart contracts allow users to trade trustlessly, peer-to-peer, with liquidity supplied by other users. The architecture is based on Uniswap V2.
Registration can be completed on devfolio portal and will close on Dec. 3.
