PancakeSwap has announced the launch of its 'v4 Hookathon' as part of its $500K Developer Program. This hackathon invites developers to innovate and build within the PancakeSwap v4 ecosystem using the Brevis ZK-Coprocessor. With a prize pool of $40,000, the competition aims to push the boundaries of decentralized finance (DeFi) by enhancing functionality and addressing challenges within the PancakeSwap v4 platform.
What is Brevis ZK-Coprocessor?
The Brevis ZK-Coprocessor is a smart contract enhancement tool that brings advanced capabilities to blockchain applications. It allows developers to query and analyze historical on-chain data from any blockchain while maintaining trustlessness. This reportedly enables the creation of sophisticated solutions such as loyalty programs, exclusive access pools, and improved liquidity management. PancakeSwap v4 supports Hooks, which enhance the customization of liquidity pools. These Hooks can implement a range of features, including dynamic fees, active liquidity management, impermanent loss mitigation, and custom incentives.
Hackathon Details and Potential Ideas
The 'v4 Hookathon' offers a single open track, encouraging diverse and creative solutions. Participants are invited to tackle existing pain points within the PancakeSwap ecosystem. Potential ideas include liquidity incentivization mechanisms, active liquidity manager protocols, market-making bots, exclusive-access pools, KYC-enabled pools, and yield manager protocols.
Prize Distribution
The prize pool of $40,000 will be distributed as follows: * 1st Prize: $12,000 * 2nd Prize: $10,000 * 3rd Prize: $8,000 * 4th Prize: $6,000 * 5th Prize: $4,000 Prizes will be awarded in USDC on the BNB Chain and distributed within four weeks of the hackathon's conclusion.
The 'v4 Hookathon' is part of PancakeSwap's broader roadmap for Q3 2024, which includes the highly anticipated launch of PancakeSwap v4. This upgrade promises improved trading functionalities, a new Web3 quest platform, an expanded veCAKE token model, and enhancements to its gaming marketplace.
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