Create the next billion-dollar dApp built with Scrypto on Radix, All Scrypto DeFi Challenge 2023 submissions must be done latest by March 24, 2023, at 10:00 pm UTC.
About DeFi
Decentralized finance (DeFi) solves many problems of the current financial system. DeFi can do everything the traditional financial system does but in a more efficient. It does this by leveraging distributed ledger technology (DLT), such as Radix, which removes the need for intermediaries when performing transactions and puts control of assets in the hands of users.
What is Scrypto?
Scrypto is an open-source smart contract language for the public Radix network. Scrypto is rethinking the way smart contracts are built, ultimately enabling developers to build secure and robust DeFi dApps (decentralized applications) that users can rely on – spending most of their time and code on features without worrying to lose money. To learn more, visit Radix Developer Hub.
Details of the Challenge
- Your entries must be built with Scrypto v0.8 or higher.
- You may submit multiple entries, but only one will be considered a prize. The
- The contest starts on February 20, 2023, at 9:00 a.m. UTC.
- All applications should be submitted by 22:00 UTC on March 24, 2023.
- The winners will be announced on April 10, 2023.
- $50,000 in XRD will be split between the top three submissions, three honourable mentions, the top perpetual dApp sample, and the top loan dApp sample.
- The value of XRD will be based on the spot price when we send the token.
- We will internally track the price of the NFT and its owner until it drops after Babylon release when they will be minted and sent to Radix addresses provided by each participant.
Rewards
$50,000 in prizes: Prizes paid in cryptocurrency
- First Prize: $11,500 in XRD Tokens
- Second Prize: $9,500 in XRD Tokens
- Third Prize: $7,500 in XRD Tokens
- Honourable Mention
- $3,500 in XRD Tokens for up to 3 unique submissions
- Best Perpetuals dApp
- $5,500 in XRD Tokens
- Best Lending dApp
- $5,500 in XRD Tokens
Requirements
WHAT TO BUILD?
- Entrants must create a working decentralized application (dApp) built using Scrypto on Radix.
- What to Submit:
- The URL of the pull request you submitted to the scrypto challenges repository.
- Follow the instructions in the README of that directory.
- This pull request must contain the Scrypto and frontend code of your submission, with instructions on how to run it locally.
- You must include a README file that describes your application at the root of your project.
- Your Radix wallet address to receive the prize. This address will also be used when sending the participation NFT (sent when Babylon is out)
- Optional: URL to your working application
- Optional demo video (about 3 minutes) that demonstrates your submission. Videos must be uploaded to YouTube, Vimeo, or Facebook Video and made public.
Deadline
The last date for submission is March 24, 2023, at 10:00 pm UTC.
How to Apply?
Interested Candidates can apply directly through this link.
