ETHGlobal New York

1inch

$20,000

About

The 1inch Network seamlessly unites multiple decentralized protocols, empowering users to perform efficient, user-friendly and secure operations in the Web3 space. The 1inch Network provides access to hundreds of liquidity sources across multiple blockchains. Its main components are the 1inch Aggregation Protocol, the 1inch Liquidity Protocol, the 1inch Limit Order Protocol and the 1inch Wallet – a fast and secure mobile application for storing, receiving, sending and swapping crypto assets. The 1inch Swap Engine, built on top of 1inch’s Aggregation Protocol and Limit Order Protocol, is a decentralized trading and matching system that connects DEX users with practically limitless liquidity. The 1inch Swap Engine executes trade orders using the Dutch auction model, providing more efficiency, flexibility and tunability than regular swaps or limit orders. Powered by the 1inch Swap Engine, Fusion mode enables users to swap tokens without paying any network fees and at the most favorable rates. In addition, Fusion mode offers users extra MEV protection. All swaps in Fusion mode are executed by resolvers – professional traders, who use the most sophisticated and efficient ways of protecting users’ swaps from MEV.

The 1inch Network seamlessly unites multiple decentralized protocols, empowering users to perform efficient, user-friendly and secure operations in the Web3 space.

The 1inch Network provides access to hundreds of liquidity sources across multiple blockchains. Its main components are the 1inch Aggregation Protocol, the 1inch Liquidity Protocol, the 1inch Limit Order Protocol and the 1inch Wallet – a fast and secure mobile application for storing, receiving, sending and swapping crypto assets.

The 1inch Swap Engine, built on top of 1inch’s Aggregation Protocol and Limit Order Protocol, is a decentralized trading and matching system that connects DEX users with practically limitless liquidity. The 1inch Swap Engine executes trade orders using the Dutch auction model, providing more efficiency, flexibility and tunability than regular swaps or limit orders.

Powered by the 1inch Swap Engine, Fusion mode enables users to swap tokens without paying any network fees and at the most favorable rates. In addition, Fusion mode offers users extra MEV protection. All swaps in Fusion mode are executed by resolvers – professional traders, who use the most sophisticated and efficient ways of protecting users’ swaps from MEV.

Prizes

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1inch Network ⸺ $20,000

ETH Global NY 2023 Bounties

Bounty 1 - Build an Innovative Application on top of 1inch Network's Fusion API

Prize Amount:

🥇 First place: $2,500USD

🥈 Second place: $1,500 USD

🥉 Third place: $1,000USD

Bounty Description:

Build an innovative application that leverages the power of 1inch Network's Fusion API. Your application should provide unique functionalities and value-added features to users within the Defi ecosystem.

Criteria:

1 - Utilize the 1inch Network's Fusion API to access and interact with the Fusion protocol.

2 - The utilization of Fusion API should have a meaningful purpose

Resources:

1inch Network's Fusion API documentation: https://docs.1inch.io/docs/fusion-swap/introduction

Note: Your application should be an open-source project accompanied by clear documentation explaining its usage. Focus on demonstrating the unique value your application brings to the 1inch Network ecosystem while ensuring a seamless and secure user experience.

Bounty 2: Build Innovative Solutions on top of 1inch Network's Token Plugins

Prize Amount:

🥇 First place: $2,500USD

🥈 Second place: $1,500 USD

🥉 Third place: $1,000USD

Bounty Description:

1inch recently announced new library that introduces an extendable and secure system for ERC20-based tokens. By subscribing an account to various plugins, users can dynamically enhance the functionality of their tokens. Technically plugins are a collection of smart contracts that track changes in ERC20 token balances and perform supplementary accounting tasks for those balances. They are particularly useful when you need to track, for example, token shares without actually transferring tokens to an accounting contract.

Try to hack using such library. That is it.

Criteria:

1 - Use https://github.com/1inch/token-plugins

2 - The utilization of token-plugins should have a meaningful purpose

Resources:

Anton Bukov talk about token plugins: https://www.youtube.com/watch?v=a9uCqWmH-HE

Token plugins Repo: https://github.com/1inch/token-plugins

Bounty 3: Enhance your app with 1inch Developer Portal APIs

Prize Amount:

🥇 First place: $2,500USD

🥈 Second place: $1,500 USD

🥉 Third place: $1,000USD

Bounty Description:

1inch Developer Portal do have multiple APIs (Balances, Fiat Prices, Portfolio, Swap, Limit Order). Use any of it to enhance your project. Apps with the best use cases will be eligible for bounties

Criteria:

1 - Use portal.1inch.dev APIs (Any of it)

2 - The utilization of 1inch Developer Portal should have a meaningful purpose

Bounty 4: Open Track Prize Amount:

🥇 First place: $2,500USD

🥈 Second place: $1,500 USD

🥉 Third place: $1,000USD

Bounty Description:

Develop an innovative DeFi solution on a supported EVM that has a meaningful impact on the community. Your project should introduce novel concepts or functionalities, addressing real-world problems and pushing the boundaries of DeFi.

Criteria:

1 - Open source

2 - Clear documentation about / explanation about project

Nice to Have:

Incorporate any 1inch Product.