The Arweave India community launched a hackathon in June. After training camps, team building, project submission and review decisions, the top three projects were finally selected: aoVest, FundARs and Convergent.
Author: Kyle
Review: Lemon
Source: Content Guild - News
Arweave India Hacker House Hackathon
In June, the Arweave India community launched the Arweave India Hacker House 2.0 hackathon, and then carried out training camps and Challenges activities in full swing. During the event, builders formed teams, with three people in each team, usually two developers and one designer. During the period, there will be mentors to teach and guide, and work together to make suggestions for the construction of the project.
At the same time, the Arweave Indian community has also reached a cooperation with Protocol.land. Protocol.land is a decentralized source code management and collaboration platform built on Arweave, which is equivalent to a decentralized version of Github. The source code of all projects participating in the hackathon will be submitted to Protocol.land.
Ultimately, the judging panel will select ten projects (30 builders in total) from all submitted projects to join Arweave Hackers Cohort#2to participate in the final stage of the Arweave India Hacker House event and have the opportunity to win a bounty.
These developers and designers gathered in Mussoorie, India from July 8 to 10, and carried out outdoor hiking, innovation workshops and project presentations. The ten projects selected for the Arweave India Hacker House phase are:
FundARs: a permissionless funding platform on AO and Arweave.
Convergent: A decentralized perpetual contract exchange on AO.
aoVest: Token vesting platform on AO;
ForeverAI: Customized LLMs platform on AO;
ArKey: Multi-party computation (MPC) wallet based on Arweave;
USDX: Partial algorithmic stablecoin protocol;
SAM: Smart contract auditing and on-chain message monitoring platform on AO;
LOOM: A 3D interactive platform on AO;
AssetX: Data ownership and content monetization platform;
PIXEL GAMING: Play to Earn Arcade Game on AO.
After another round of competition, the final winning projects were: aoVest (first place), FundARs (second place) and Convergent (third place), receiving bounties of US$3,000, US$2,000 and US$1,500 respectively.
The three winning projects
First place: aoVest
aoVest is an AO-based token vesting platform that aims to solve the problem of premature token sales by key stakeholders in the token market, which leads to a decline in value. Through the automatic lock-up mechanism, the aoVest platform ensures that token holders cannot sell their tokens within a predetermined time, thereby maintaining the value of the tokens and supporting the company's long-term development goals. In addition, aoVest introduces new specifications for streaming tokens, improving the way tokens are distributed and circulated. This structured token release plan helps reduce market volatility and prevent manipulation, ensuring the stability and sustainable development of the entire token ecosystem.
Users can connect to their wallets, set the lock time and amount, and view the lock progress and wallet balance changes in real time. In the future, aoVest will launch more new features to optimize the user experience.
Official homepage: ao-vest.ar-io.net
2. FundARs
FundARs is a permissionless financing platform on AO and Arweave that allows anyone to join as a user or project party, aiming to achieve rapid fundraising of project parties and increase potential benefits for users, and both parties can benefit from it. For project parties within the ecosystem, FundARs provides an attractive way to raise funds. Project parties can exchange $AOEth staked by users for $AO income, which not only helps to obtain financial support, but also effectively promotes the development of the project. For users, this is equivalent to using $AO to purchase the native token of the project, thus having the opportunity to obtain higher economic returns.
FundARs has already collaborated with multiple projects, including Rebel, aoVest, Sam, Saturn, BetterIDEa, and 0rbit. Users can stake their $aoEth to different collaborative projects through the FundARs platform, and can also view their staked status and the number of tokens received in each project.
Official homepage: fundars.arweave.net
3. Convergent
Convergent is a decentralized perpetual contract exchange on AO that allows users to trade perpetual contracts. Users can create and trade synthetic assets (such as AR tokens) on the platform without actually holding these assets, only trading their prices. Convergent obtains asset prices through oracles and tries to keep prices real-time and accurate.
The Convergent platform is easy to operate, allowing users to trade with the click of a button and view and manage their positions in real time. Convergent aims to provide an efficient and transparent trading experience, helping users trade perpetual contracts in a decentralized environment.
Official homepage: convergent.ar-io.dev
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