Celo and Houbi Incubator Hackathon

Published on: 24.05.2022
Celo and Houbi Incubator Hackathon

Celo and Huobi Incubator hackathon begins on 23rd May and will last on 24th June 2022. DeFi is where the crypto hype started, and it will continue to be.

And for the last year, Celo has seen the rapid rise of Web3 and DAO tide and the creator economy in space. They wanted to see what could be built, beyond the horizons of the current reality.

Enter stablecoins, a digital currency that is pegged to a reserve asset and designed to be volatility-free. In addition, the adoption of stable coins was the turning point Celo saw that DeFi is not a financial silo and potentially anchors the real world.

Moreover, An interactive and interoperable landscape has formed. Stablecoins and DeFi need to pace up with ever-needed demand in many realms.

The Celo and Huobi hackathon, aim to bring together incredible people working on innovative solutions to not only sustain the planet but define what the Web3.0 mobile DeFi landscape will look like.

Sign up for the Celo x Huobi: Stablecoin in Web3 & Sustainability Hackathon, today.

Challenges

Spanning across 3 tracks, the challenge here is to integrate stablecoins with different aspects of the Web3 space.

Stablecoins + dApps Solution

This challenge focuses on building stablecoin-related financial solutions on Celo, with a focus on:

  1. Expand the use of Celo Dollar (cUSD) to emerging markets with high rates of inflation or;
  2. Explore payment tools and middleware.

Stablecoins + DAOs

The second challenge surrounds projects that integrate stablecoins with DAOs, including credit-based finance, crowdsource platforms/venture DAO and decentralized charity.

Project ideas to get you started:

  • Credit-based Finance: Credit lending, collateral lending for financially-undeserved groups
  • Crowdsource Platform/Venture DAO: Democratic funding to meaningful causes such as climate change, education, etc.

Stablecoins + DeFi mobile solutions

The third and last challenge concerns uniting stablecoins with DeFi mobile solutions in order to integrate a Web3 component into DeFi.

Project ideas to get you started:

  • DeFi + Earn: Inclusive income growth for Celo users in emerging markets, including micro income stream aggregator asset management as well as reinvestment tools
  • Mobile DeFi + SocialFi: Create an identity and social network mapping tools, as well as an information push channel
  • DeFi + Interoperability: Migration of infrastructure, users, assets, and devs from other chains.

Furthermore, this event is open to all! Whether you’re an experienced blockchain or non-blockchain developer, want to learn more about building on/for Celo and Huobi, or are entirely new to the Web3 space.

ABOUT Celo
Celo’s mission is to build a financial system that creates the conditions for prosperity—for everyone.

Website | Twitter

ABOUT Houbi Incubator
Huobi Incubator is empowering the future leaders within Web3.

Website | Twitter

RESOURCES
Celo Network

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