logoETHOnline 2024

Lit Protocol

$10,000

About

Lit is a decentralized key management and sealed compute network. Builders of apps, wallets, protocols, and AI agents use Lit to advance digital ownership with decentralized keys and private, immutable programs. If you're building in the following categories, dive into the tools! DeFi Automation Chain Abstraction Compute Over Private Data Wallet-as-a-Service (WaaS) Stablecoin Apps Embedded wallets Private Data User Identity / Proof of humanity / KYC Media / Licensing Data Marketplace

Prizes

🔒 Best Compute Over Private Data Application / Protocol $3,000
In order to win this prize, use the "Decrypting and Combining Within an Action" to decrypt data within Lit and then compute on that data with a Lit Action. (linked below) Applications and protocols that leveraging Lit for computing over private data can be across a wide variety of spaces, including AI, Identity and more. Check out the below post for more inspo.

Qualification Requirements

All projects competing for this prize should take advantage of the "Decrypt within an Action" feature. Additionally, prizes will be judged on the following: -Completeness of Technical Implementation -Innovation (Originality + Impact) -Functionality (Working prototype or MVP) -User Experience -Documentation -Potential for growth and wider adoption -Security

✍️ Best Signing Automation Application / Protocol$3,000
In order to win this prize, use the "Broadcast and Collect Within an Action" to sign and broadcast transactions with Actions. Applications and protocols that leveraging Lit for signing and broadcasting transactions can be across a wide variety of spaces, including Chain Abstraction, Identity, Wallets, and more. Check out the below post for more inspo.

Qualification Requirements

All projects competing for this prize should take advantage of the "Broadcast and Collect Within an Action" feature. Additionally, prizes will be judged on the following: -Completeness of Technical Implementation -Innovation (Originality + Impact) -Functionality (Working prototype or MVP) -User Experience -Documentation -Potential for growth and wider adoption -Security

🏃 Runner Up for Sign Or Decrypt With Lit$2,500
Up to 2 teams will receive $1,250
This is the runner up prize for both the " Best Compute Over Private Data Application / Protocol" and " Best Signing Automation Application / Protocol" prizes, rewarded to one or two teams!

Qualification Requirements

-Completeness of Technical Implementation -Innovation (Originality + Impact) -Functionality (Working prototype or MVP) -User Experience -Documentation -Potential for growth and wider adoption -Security

🏆 Participation Trophy $1,500
Up to 4 teams will receive $375
This prize will be split between teams that are competing for the "Best Compute Over Private Data Application / Protocol" and "Best Signing Automation Application / Protocol" who are not selected as winners or as a runner up.

Qualification Requirements

-Completeness of Technical Implementation -Innovation (Originality + Impact) -Functionality (Working prototype or MVP) -User Experience -Documentation -Potential for growth and wider adoption -Security