Aave Grants DAO is a community-led grants program, focused on growing a thriving ecosystem of contributors within the Aave Protocol’s community. Through funding ideas, projects and events that benefit the broader Aave ecosystem. The Aave Protocol is one of the most widely used decentralized liquidity protocols that allows users to supply and borrow digital assets. With demand for a stablecoin in the Aave ecosystem, the Aave Companies introduced GHO. GHO is a decentralized, over-collateralized, asset-backed stablecoin that is native to the Aave Protocol and pegged to the U.S. dollar.GHO Lens | TwitterAave Lens | Twitter
We are challenging you to help to build the future of financial applications and grow the DeFi ecosystem with GHO and the Aave Protocol.
The prizes below are available for the best projects on GHO and/or Aave: 🥇 $3,500 USDC 🥈 $2,500 USDC 🥉 $1,500 USDC
5️⃣ Plus the 5 best GHO integrations will receive $500 USDC each
Here are a few ideas to get your creative juices flowing!
GHO
Payments: Build utility around the future of payments on the web. You could create an app or plugin to buy and pay with GHO anywhere.
Direct Debit Network: Create a direct debit network for GHO where any user can charge an account with a predefined amount of GHO. GHO would then be transferred immediately but not unlocked until a set period of time passes. During this time, anyone can dispute the function if they have a balance.
Account Abstraction: Build a tool that uses Account Abstraction with GHO to allow users to pay gas fees with GHO, and has rebates. E.g., if the gas used is more than GHO paid, users can claim a rebate or pay it forward.
DeFi Yield Strategies: Construct new DeFi yield strategies and opportunities for GHO and the entire DeFi community.
Dashboards and Leaderboards: Monitor and analyze GHO’s top borrowers and liquidators, what assets are being used as collateral to back GHO, a GHO multi-chain dashboard.
Transactions: Create new ways to compose or visualize GHO transactions, such as supplying and minting GHO in a single transaction.
Credit Delegation: Allow users with supplied collateral to delegate their borrowing power to other users. Instead of paying to borrow an asset, you could get paid to delegate credit to other users (via ERC712 signature) for sponsored (gasless) mints.
Aave
Health Factor Simulator: Build a UI component that displays a price slider per each collateral and borrowed asset, so you can simulate prices and see how your Health Factor changes under those conditions. Allowing you to take informed decisions to mitigate liquidation risks.
Debt Swap: Right now you can swap your collateral from one asset to another but imagine if you built a new feature for swapping debt from one asset to another.
Governance Visualizations: Create visualizations to help show aspects of the very active Aave Governance, such as, access controls, voter participation, delegation.
DAO Tooling: Build tools to help the Aave DAO community.
Aave Forex Tool: Build a tool where you can short assets. Enhance the ability of users to access forex liquidity by using one or all of eMode, flash loans, and other DeFi integrations such as Curve.
ZK Proofs: Utilize ZK proofs for critical vulnerabilities while not disclosing the vulnerability, i.e. prove there’s a vulnerability to the DAO so they can vote on it informed but not actually say what the vulnerability is.
Sponsored Transactions: Create sponsored (gasless) transactions using functions to supply and repay via permit function, credit delegation, transfer aTokens with permit, or submit votes by a signature.
Make sure your code is well documented on GitHub and preferably has a front end that is available to be used on a public website. If you created smart contracts, deploy them to a testnet and ensure your front end properly interacts with them. Tell us what you are building by tagging @GHOAave @AaveAave on Lens and Twitter!
You must explicitly apply for this prize during the submission process to be eligible to win
An overview of GHO, a decentralized multi-collateral stablecoin that is fully backed, transparent and native to the...
05:00 PM WEST — Friday, May 12, 2023 in 2nd Floor | Workshop Room 2
ETHGlobal Lisbon