DAO-Fi Fusion: The DAO and DeFi Code Challenge
Tags: dao, defi, aeternity, blockchain
Published: 2023-03-17 17:17:42

DAOs and DeFi are experiencing rapid growth and interest. In the DAO-Fi Fusion hackathon, you get an exciting opportunity to showcase your skills and creativity by building innovative and useful solutions using Sophia Smart Contracts on the æternity blockchain!

Developers from all over the globe are encouraged to contribute to this emerging space and help shape the future of decentralized finance and organizations.

## Empower the community!

We are looking for **smart individuals** and **teams**, from all over the world, who excel at **functional programming**. Empower the community by creating **tools & frameworks** that allow everybody to easily **create** and **manage DAOs** for decentralized decision making on **æternity** - one of the **most advanced blockchains** in the entire industry!

Your solution should ideally consider **DeFi** aspects (e.g. treasury management) and allow to **enforce decisions **(e.g. payouts) on-chain.

**æternity** was built from scratch and ships its own unique **Virtual Machine (FATE VM)** that executes **Smart Contracts** with almost **zero gas fees**! The Smart Contracts are written in a novel and **functional language** called **Sophia**.

Make yourself familiar with the technology and take this unique opportunity to:

- learn more about **DAOs & DeFi**
- have fun working together in a **meaningful** challenge that has an **impact** on the whole **ecosystem**
- become a **well-recognized** and **valued** community member
- **improve** your developer skills & become an **expert** in writing **Smart Contracts** in **Sophia**
- win the main prize of **$ 20,000**!

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/8vyzi5iz3xcokz3s0cz4.png)

## Checkpoint Events

During the hackathon there will be so-called checkpoint events where the whole community including the hackathon participants is invited to join!

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/853acmawlh21b5rcgffr.png)

## Technical Reviews: Feedback from experienced æternity contributors!

Right after the submission deadline has passed and eligible submissons have been determined, selected experienced æternity contributors will perform a technical review and value the project based on specific criteria (see rules).

## Community Live Event & Winner Announcement

Once the technical review is finished, the judges will screen and judge the submissions by taking the technical review as well as other criteria (see judging criteria) into consideration. The combined feedback of all judges will determine the 3 main winners.

Every project gets the chance to pitch its solution in the Community Event to the community. This is also the place where in the beginning the 3 main winners will be announced. Be prepared and convince the community to vote for your submission in the Community Award poll!

## Community Award

Right after the live community event, a poll will be created in the æternity forum. To prevent cheating, the poll will be conducted in a special category where only community members who own specific badges can participate.

The poll will be open for 24 hours and the submission which receives the most votes wins the Community Award!

## æternity - A Blockchain for All

Engineered to scale and last, æternity is an easily accessible blockchain platform for the global public. With numerous innovative functionalities and performance far ahead of earlier blockchains, æternity allows its users and community to seamlessly venture into the new era of society, economy, and digital interactions.

At its core, æternity is a blockchain protocol and a smart contract platform that goes beyond what traditional blockchains do. It is designed to be fault-tolerant and perfect for cases with billions of transactions in DeFi and more.

Feature Highlights:

- **ÆNS** (æternity naming system) provides secure, human-readable names
- **Generalized Accounts** allow developers to flexibly program more security and better user experiences by replacing the authorization logic of a regular account
- **Hyperchains** (coming soon) as a new consensus mechanism that allows for further on-chain scaling and the ability for anyone to launch their own private or public æternity-style sidechain without needing any permission
- **Oracles** provide a secure and cost-effective way to access real-world data without the need for third-party solutions
- **Smart Contracts** written in a novel functional programming language **Sophia** and executed by a unique Virtual Machine (**FATE VM**)
- **State Channels** as an off-chain scaling solution provides increased privacy, speed and cost efficiency

Read more at https://aeternity.com!

## Requirements

Build an application that allows users to create and manage DAOs (powered by Sophia Smart Contracts) with their Superhero Wallet at least on æternity testnet (preferably also mainnet) via an user interface.

## Submission requirements/deliverables

- Project **name** and a list of all **team members**
- A description of **what** your project does and **why** you decided to build it
- **Demo video**
- should be around 3 minutes long and include a demo of your working project
- must be made publicly visible
- **Public GitHub code repository which includes:**
- Meaningful README
- Service(s) and/or application(s) that allow users to create and manage a DAO at least on æternity testnet (preferrably also mainnet) via an user interface by connecting with their Superhero Wallet
- Instructions how to run the service(s) and/or application(s)
- A **URL** to the publicly hosted application that allows judges to test during the juding period

## Prizes

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/nka3ohxdgszhnc2imu5r.png)

## Judges


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/g88d8h9oh6expjleqed3.png)


## Judging Criteria

- **Technical Implementation (40%)**
Experienced æternity contributors will perform a technical review on each project. These reviews will be published and considered by judges to pick the winning team. Smart Contracts are a MUST and a high test coverage of these is desired.
- **Impact and Usefulness (30%)**
Does the project make a significant impact in the æternity ecosystem? How big is the overall market potential of the project?
- **User Experience (20%)**
How useable is your project? Does it look nice? Does it accomplish what it's set out to do in an easy to use and approachable way?
- **Presentation and Communication (10%)**
The quality of the project presentation and how well the team communicates the idea. The presentation should be clear, concise, and engaging. Show the community who you are and why your project should win!

If you read until here, go ahead and [**sign up for the hackathon on Devpost**](http://bit.ly/3FxFsJJ) :)