Ethereum-Focused Hackathon Offers Insight Into DeFi Future

Hacathon highlighting future of DeFi

HackMoney Hackathon, a 30-day virtual Aave hackathon organized by Ethereum developer group ETHGlobal, has announced its three winning projects—Learn&Earn, a gamified online learning platform, YieldHero, a suite for managing Aave, and MagicBet, a no-loss betting platform that enables users to stake DAI.

Hacking Lending and Money Maker Protocol Aave

Organized by ETHGlobal, an organization focused on onboarding users and developers to the Ethereum community, the HackMoney Hackathon has attracted over 50 projects that competed for $300,000 worth of prizes by hacking the Aave protocol.

The money maker protocol was utilized in innovative ways, ranging from online education to one-stop suites for managing interest and yields. Judges Vitalik Buterin, Stani Kulechov, Andreas Antonopolous, Thomas Bertani, Ashleigh Schap, and Robert Leshner announced the three winning hacks—Learn&Earn, YieldHero, and MagicBet.

According to HackMoney’s announcement, Learn&Earn placed first with its novel approach to online learning. The platform gamifies the learning process and gives its students the ability to earn financial incentives for completing various online courses. Out of all the submissions, the company said that his hack has “real-world applications” and the potential to scale in the public sector.

Innovative Ethereum Products

The second place in HackMoney’s hackathon was awarded to YieldHero, a protocol that provides users a one-stop suite for managing their Aave yield. Aave enables users to deposit cryptocurrencies to the platform and earn yearly interest on their funds. The hack utilized several features to enable users to get the best yield by swapping their cryptocurrencies for aTokens, Aave’s native cryptocurrency. Read More

Like what you're reading? Please share it...

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on telegram
Share on reddit
Share on email
Share on vk
Share on tumblr

When I came up with Ethereum, my first first thought was, 'Okay, this thing is too good to be true.' As it turned out, the core Ethereum idea was good - fundamentally, completely sound

As an Amazon Affiliate, Ethereum Nexus may earn from qualifying purchases