Idle Is Sponsoring ETHGlobal
Idle is sponsoring ETHGlobal event #Hackmoney 2021, one of the biggest hackathons in the Defi space.
This is a 3-week long virtual and global event, where devs, buidlers, and creators unleash their creativity and compete for $200,000+ prizes.
In addition to funding support, this is your chance to prove your coding skills, expand your network, find new teammates, and launch innovative projects.
The event takes place from June 18th to July 9th, 2021.
Idle as funding layer of your project
Idle is a decentralized yield aggregator and rebalancing protocol, which seeks the best yields across multiple yield sources.
The protocol allows integrators to focus on their key value proposition, simplifying the access to yield-generating products.
Idle protocol acts as a bridge between integrators and battle-tested lending primitives like Aave and Compound, providing the following benefits:
- Best rates available on the market, thanks to the Dynamic Allocation Mechanism
- Profit boost thanks to the accrual of liquidity mining incentives ($COMP, $stkAAVE)
- Direct involvement & ownership of Idle protocol with the $IDLE liquidity mining program
- Access to secure and solid lending pools
- Extensive protocol security, with 5 audits and a $500k bug bounty program
- No need to stitch together and maintain multiple lending protocols and yield sources, you can focus on building out your value proposition and interface for your users
The Best-yield strategy deploys capital in Aave (v1 & v2), Compound, and dYdX, supporting a large range of assets: DAI, USDC, USDT, TUSD, sUSD, WBTC, WETH.
Build the future of finance with Idle
Idle will reward the best projects with a total prize of $4,000. You are invited to propose novel approaches, build composable products and proceed with integrations.
Here below we list some ideas:
- Integrate IdleStrategies in another protocol/dApp (Harvest example | GitHub, Enzyme example | Docs, WasabiX example | GitHub, Yearn Finance GitHub)
- Integrate Idle FlashLoans (borrowing without any collateral if the amount and all the fees are included in the returning transactions; some use cases could be: arbitrage, liquidations, collateral swaps, and more..)
- Build products on top of Idle (e.g. a contract that automatically reinvest interest in another token)
This event is your chance to join the Idle family: receive additional economic support (Idle Grant Program) and assistance from our Leagues to move your project/integration in production, earn up to 50% of the generated fees via B2B program, and start the journey to join the Dev League as core developer (with monthly salaries ranging from $4k to $11k!)
What is Idle?
Idle is a decentralized rebalancing protocol that allows users to automatically and algorithmically manage their digital asset allocation among different third-party DeFi protocols. You can choose to maximize your interest rate returns through MaxYield strategy or minimize your risk exposure through RiskAdjusted allocation strategy.
What is ETHGlobal?
ETHGlobal helps run hackathons all over the world. Their goal is to be the best on-ramp to the global Ethereum community. Their work is supported by the Ethereum Foundation, and the many sponsors who make events possible.
📰 INFO:
https://idlefinance.medium.com/build-the-yield-idle-ethglobal-e36ab451e6
