Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development, and has unveiled the shortlisted BUIDL projects for its newly-ended virtual Grant Hackathon this week. The theme of this competition is to encourage developers to contribute early-stage projects and ideas to the Polygon ecosystem. The hackathon received close to 200 submissions during the 2-months of launching on HackerLink. But only 137 of them are being admitted after weeks of anti-sybil attack verification. Speaking earlier this month, the leaderboard ranking has been settled in results to over 62210 $MATIC available for voted projects to withdrawal. It is a hefty prize indeed for the 1st round of prize allocation.
The 38 shortlisted projects are seized out for being superior in advancing and innovating the Polygon ecosystem growth and you might want to meet them here.
We are releasing 4 articles to introduce the shortlisted projects to the public. This is the Vol.1 blog post outlining 10 projects. They are: Banksy Finance, Themis Protocol, Fabwelt, PolygonDex.com, Symphony Finance, PSYdoc, CyberCourt, PolyHeist, IndexPool, ArtisLife Network.
Banksy Finance
Banksy Finance is a decentralized AI-driven NFT Pool-based lending hub, dedicated to addressing the issues of the NFT market, providing a complete solution for NFT mortgage lending that is different from the P2P lending model. It supports mortgage NFT for loans directly on the platform, without requiring both lenders and borrowers to an agreement. It is the first NFT pool-based lending platform in the market.
Themis Protocol
Themis Protocol is a Layer2 native crypto trading platform that provides collateralized lending of NFTs through historical NFT transaction data. themis itself is a set of DeFi protocols developed based on smart contracts. It allows users to play different roles in the governance chain according to their risk appetite and earn corresponding yields.
Fabwelt
Fabwelt provides a technology to use NFTs as utilities on gaming and apps. Imagine a game world that its players can modify and change as they see fit for their game strategy. Fabwelt in-game NFT technology will provide just that and uses existing NFT technology the Polygon Network. The in-game NFT technology gives a player that owns a unique, rare NFT an incentive for all kinds of games rules and settings during the game. With the upcoming first game release Arsenal, which uses the in-game NFT technology, Fabwelt will prove that blockchain and NFT technology can be used in real-world usage.
PolygonDex.com
PolygonDEX aims to provide the users of the Polygon network a clear view of top gaining tokens, trending tokens, top DEXs, and detailed information on all swappable companies. We also aim to provide multiple tools for a user to track their wallet holdings and farms.
Symphony Finance
At symphony finance, we’ve implemented interest-generating limit orders. The deposited sell (input) asset, generates interest till the time order remains unfilled. With this protocol, we are trying to solve the problem of profit maximization. It’s composable with the most interest-generating protocols like Aave, Mstable, Compound, etc. Orders are automatically filled with DEXes like Quickswap, Balancer, Sushiswap, etc. One can also fill the order with his own liquidity.
PSYdoc
Each document is hashed locally on your browser and the resulting hash is sent to the PSYdoc’s smart-contract, where it is minted as an NFT. It has all the features of ERC-721 standard, which means that it can change hands just like any other NFT.
The person who mints the NFT becomes the owner of it and their address is automatically added to the list of signees. They in turn can invite other addresses to sign the document/NFT by inviting them through the smart contract. After an address is invited, they can easily sign the document.
CyberCourt
CyberCourt is a decentralized, process transparent dispute handling system that empowers and restricts the rights of all parties in the form of code.
The basic idea behind the establishment of the CyberCourt system is to solidify all processes through code, form clear and transparent processing rules, and grant and restrict the rights of all roles. And through the market selection mechanism of the contract participants to the judging team, after a period of time, it is positively motivating the judging team and promoting the judging team to provide more transparent, excellent, professional, and fair referees.
PolyHeist
PolyHeist is bringing long-term gamified investments to the Polygon Network. Our first game released is conveniently named Heist which uses the native currency of the Polygon Network — $Matic.
In Heist the main goal is to be the last person to deposit into the pot. Each time a user deposits, a timer of 20 hours begins to countdown until another deposit is made to reset it. However, if that timer gets to zero, the last user to make the deposit wins the grand prize. Until then, every user in the pot shares a percentage of each deposit made between them. This encourages users to build up a decent-sized balance in the pot to gain better rewards in the long term.
IndexPool
IndexPool is about buying a DeFi Portfolio in a single transaction. Anyone can create and share portfolios of tokens and DeFi assets.
ArtisLife Network
ArtisLife Network is a cross-chain NFT Distribution Network that is powered by the ARTIS token. The network distributes newly minted NFTs through various DeFi methods.
At launch, there will be three main distribution methods: NFT Farming, NFT Airdrops, and NFT Lottery. All distribution methods on the network will utilize the ARTIS token in some form.
About Polygon
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
About DoraHacks
DoraHacks is a global hackathon organizer and one of the world's most active multi-chain Web3 developer communities. It creates a global hacker movement and provides crypto native toolkits to help developers around the world raise funding for their ideas and BUIDLs. By far, more than 2000 projects from the DoraHacks community have received over $15 million in grants and other forms of contributions from supporters worldwide, and it has around 100,000 monthly active users from 152 countries. A large number of open source communities, DAOs, and more than 20 major blockchain ecosystems are already using Dora's infrastructure (hackerlink.io) for quadratic funding, community contribution, hackathon, bounty distribution, and governance of their developer communities.