{"id":426258,"date":"2020-06-04T23:00:04","date_gmt":"2020-06-04T23:00:04","guid":{"rendered":"https:\/\/wncen.com\/?p=426258"},"modified":"2020-06-04T22:15:37","modified_gmt":"2020-06-04T22:15:37","slug":"ethereum-hackathon-defi-future","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-hackathon-defi-future\/","title":{"rendered":"Ethereum-Focused Hackathon Event Offers a Sneak Peek Into a DeFi Future"},"content":{"rendered":"
HackMoney Hackathon, a 30-day virtual Aave hackathon organized by Ethereum<\/a> developer group ETHGlobal, has announced its three winning projects\u2014Learn&Earn, a gamified online learning platform, YieldHero, a suite for managing Aave, and MagicBet, a no-loss betting platform that enables users to stake DAI.<\/p>\n Organized by ETHGlobal, an organization focused on onboarding users and developers to the Ethereum community, the HackMoney Hackathon has attracted over 50 projects that competed for $300,000 worth of prizes by hacking the Aave protocol.<\/p>\n The money maker protocol was utilized in innovative ways, ranging from online education to one-stop suites for managing interest and yields. Judges Vitalik Buterin, Stani Kulechov, Andreas Antonopolous, Thomas Bertani, Ashleigh Schap, and Robert Leshner announced the three winning hacks\u2014Learn&Earn, YieldHero, and MagicBet.<\/p>\n According to<\/a> HackMoney\u2019s announcement, Learn&Earn<\/a> placed first with its novel approach to online learning. The platform gamifies the learning process and gives its students the ability to earn financial incentives for completing various online courses. Out of all the submissions, the company said that his hack has \u201creal-world applications\u201d and the potential to scale in the public sector.<\/p>\n The second place in HackMoney\u2019s hackathon was awarded to YieldHero<\/a>, a protocol that provides users a one-stop suite for managing their Aave yield. Aave enables users to deposit cryptocurrencies to the platform and earn yearly interest on their funds. The hack utilized several features to enable users to get the best yield by swapping their cryptocurrencies for aTokens, Aave\u2019s native cryptocurrency.<\/p>\n It also has a user interface that allows users to redirect their interest to support Ethereum developers. A built-in leaderboard also shows which user is redirecting most of their yield.<\/p>\nHacking Lending and Money Maker Protocol Aave<\/h2>\n
Innovative Ethereum Products<\/h2>\n