Announcing the Milkomeda DeFi Shippers Hackathon
We are delighted to announce that registration for the Milkomeda DeFi Shippers Hackathon on Milkomeda C1(Cardano EVM Sidechain) is now open, brought to you by the Milkomeda Foundation.
We are delighted to announce that registration for the Milkomeda DeFi Shippers Hackathon on Milkomeda C1(Cardano EVM Sidechain) is now open, brought to you by the Milkomeda Foundation. Join us for this exciting event where participants will showcase their skills in decentralized finance and compete for valuable prizes. Don’t miss out on this opportunity to be part of the future of DeFi on Cardano!
🧑🎓 Learn more about Milkomeda C1 here.
👨💻 Register now here !
Milkomeda Foundation is inviting developers worldwide to participate in its first-ever DeFi Shippers Hackathon for the Cardano ecosystem. As a Project Catalyst initiative, the focus is on building tools that will support the next generation of decentralized finance (DeFi) applications on the Milkomeda C1 — Cardano EVM sidechain. This is a fantastic opportunity for web3 developers to work together on the future of DeFi on the Cardano.
Mark your calendars for 📅 April 17th to May 15th, 2023, and gear up for an exciting opportunity to showcase your skills and creativity! As part of the Milkomeda DeFi Shippers hackathon, you’ll receive dedicated support and mentorship from the team at dcSpark, the core developers of the Milkomeda protocol.
This year, we have $34,000 in prizes available, which have been generously funded by a grant from this proposal, voted for by the Cardano Project Catalyst community. And that’s not all — the top entries will also be showcased through Milkomeda’s social media channels, providing even more exposure to your ideas.
Have you got a brilliant idea that will enrich the Milkomeda and Cardano DeFi ecosystems? Register now for the Milkomeda DeFi hackathon on the Milkomeda website!
👨💻 Register now here !
Launch on Milkomeda and Reach the Cardano Community!
Milkomeda’s core developers, dcSpark, have also recently announced new technology called wrapped smart contracts. These allow the users of Cardano to interact with smart contracts and DApps on Milkomeda without even leaving the mainchain (L1)! Users will submit a single Cardano transaction with the data and assets required to interact with the sidechain DApp and the sidechain bridge layer takes care of the rest. Meaning that DApps built on the Milkomeda C1 sidechain can be used in the same way as native Cardano DApps!
Winners Will Share 34,000 USD In Prizes
Entries to the Milkomeda DeFi Shippers Hackathon will be submitted into one of the follow categories:
- Classic DeFi
- Modern DeFi
And other cool ideas that you may have!
There is a total of $34K in prizes to be won, which are divided between 3 podium prizes as well as a deployment prize pool. The podium prize pool totals $6K and is divided as follows:
- First Place $3k
- Second Place $2K
- Third Place $1K
The Deployment Prize pool totals $28k, and teams that successfully deploy their project will be eligible for the Deployment Prize Pool. The amount awarded to each team will vary depending on the number of projects successfully deployed. All approved and deployed on C1-devnet projects will split the $28,000 USD prize pool, with each project eligible for up to a maximum of $4,000 USD per single deployment (excluding the podium prizes).
All You Need to Know: Rules, and Deliverables
The hackathon is organized remotely and takes place over the course of four weeks. The first day begins with a global invitation for all teams to join the Hackathon dedicated discord channel. During the next 28 days, there will be an open Discord channel available to solve any team’s questions. After the second week, the first official check-in and project feedback will take place.
As the first half of the hackathon concludes, teams will then have the remaining two weeks to apply feedback and continue working on their project. As the Milkomeda DeFi Shippers Hackathon comes to an end, teams will finalize, submit, and deploy their project on Milkomeda C1 Devnet.
The rules for the DeFi Hackathon are straightforward and can be summarized as follows:
- You need to start coding at day 1
- You can use other publicly available projects to bootstrap
- You need to deploy your project on Milkomeda C1 Devnet to be considered for any portion of the prize pool
- All teams will be required to share a publicly available GitHub repository as well as a 2-minute project presentation video.
More information about the Hackathon can be found on the DeFi Shippers Hackathon page of the Milkomeda website and on dedicated discord after Hackathon’s kick-off.
All hackathon teams will have access to technical support from the Milkomeda core development team at dcSpark. Support will be made available via a dedicated private channel in the dcSpark Discord server.
The support won’t stop there, and all entrants are encouraged to ask technical questions as they continue to develop their product once the hackathon has concluded.
Build the Future of DeFi on Milkomeda for Cardano
The Milkomeda Defi Hackathon is possible thanks to the support of Project Catalyst and the whole Cardano community. Join us for this exciting 4-week hackathon and show the world what you’re capable of.
Register now and let’s start building the future of DeFi together on Milkomeda! For more information about the event, visit our Milkomeda Hackathon website.
🌌 More About Milkomeda:
Milkomeda Official Website: Website
DeFi Shippers Hackathon: Hackathon
Milkomeda Documentation: Documentation
DApp Store: Website
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