Hackaton # 1 - Boost XFI utility
Boost XFI utility - is the first online event in scope of CEH, we’re inviting everyone to participate in the shift of financial paradigm and evolve together with the CrossFi team and our partners.
Total prize pool of $ 300 000 (in MPX coins)
3 main categories for integration with CrossFi Chain.
DeFi
At the moment DeFi protocols are dominating the cryptocurrency market, they’re the main driver for blockchain technologies development. These protocols cause the significant increase in total value locked (TVL), which is one of the crucial criteria for evaluating a specific blockchain and its’ native coin. The DeFi sector plays a huge role in increasing the value and liquidity of XFI. In order to participate in this category we’re suggesting the following directions:
Lending and borrowing protocols
Automated Market Makers (АММ)
Market forecasting
Collateralized Debt Positions (CDP)
Liquid Staking Derivatives (LSD)
Yield aggregators
Insurance
Prize pool $150,000 in MPX coins:
1st place: $50 000
2nd place: $35 000
3rd place: $20 000
4-8th places: $9 000
Infrastructure
Infrastructure sector is essential for implementing and scaling the blockchain, it significantly impacts the native coin’s liquidity. The more convenient and understandable tools are developed, the more users and developers will be attracted to CrossFi Chain. In order to participate in this category we’re suggesting the following directions:
Cross-chain communications
API
Indexers
Wallets
Super Nodes
MEV (maximal extractable value) Protection
Prize pool of $ 90 000:
1st place: $30 000
2nd place: $21 000
3rd place: $12 000
4-8th places: $5 400
GameFi and NFT
GameFi market is considered to be the next step in games development and their monetization. NFT became a unique phenomenon and is now in a revival stage, through the integration into game mechanics. GameFi and NFT are a proper catalyst to increase both TVL and the quantity of transactions performed, which in turn provide a great push to reinforce the XFI coin’s position. In order to participate in this category we’re suggesting the following directions:
Games (play 2 earn, tap 2 earn, NFT game content)
NFT marketplace
Prize pool of $ 60 000:
1st place: $30 000
2nd place: $20 000
3rd place: $10 000
Roadmap
Participation rules
Overall we are not setting any limitations, there’s only one main rule for you to become a Boost XFI utility participant:
All the application fields should be filled to the fullest, and all the information in it needs to be credible and verifiable.
Basic criteria and project requirements
The team and their experience
A website and its’ quality (content, visual)
Marketing documentation
Technical documentation
XFI implementation
The project must be deployed on CrossFi Chain test network
All solutions must be open source
Minimum viable product - MVP
Grant program
As we stated earlier, we are not setting any strict conditions for Boost XFI utility participation, as we believe this will help many developers to make their first step towards productive and mutually beneficial cooperation with the Cross Finance team. Besides the prize places, every participant can also get involved in a developer grant program for the specified directions. We will certainly contact the teams, who will display true interest and talent during the Boost XFI utility.
Tools
Documentations
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