Thread by @anildelphi

0/ I often find that the best way to get a sneak peak at the future of ETH is to pay attention to the hackathons.

This past month, @ETHGlobal put on #ETHOnline. As part of the summit, a hackathon with ~$100K in prizes started on 10/2 and ended today.
delphidigital.io/reports/a-snea…

1/ Participation was incredible. 700 hackers submitted over 175 projects.

Out of the 175, the summit's judges picked 12 finalists who presented today (see tweet thread attached).

You can find all submissions here:
hack.ethglobal.co/ethonline/show…

https://twitter.com/ETHGlobal/status/1321898734280724481

2/ Some interesting stats:

🔹~25% used nothing else but $ETH

🔹Not surprisingly, DeFi was a popular theme. Around 25% of participants used at least one of the following: @AaveAave @compoundfinance @BalancerLabs @MakerDAO @UniswapProtocol

🔹 $LINK was the most used oracle

3/ I wrote a Delphi Daily early yesterday covering a few projects I found really interesting. Funny enough, 3 out of the 5 ended up being picked as Finalists!

Short thread on the ones I covered in this post and why:
delphidigital.io/reports/a-snea…

4/ 🛑Stoploss by @hcharlanes @NathanSexer

@stoplossfinance allows LPs to limit their impermanent losses via a protocol that triggers automated liquidations based on a users' maximum acceptable loss.

5/ Stoploss is interesting because a DEX's customer is not the trader who will likely never interact with the DEX itself, but rather the LP.

So in order to differentiate, build a moat, and win their markets, DEXs must focus on their supply-side by optimizing the LP experience.

6/ 🌧️Liquid L2 by @TomFrench_eth

The problem: Layer 2s are almost here. But withdrawing from L2s to Ethereum’s mainnet is still slow & has long confirmation periods.

For example, @maticnetwork takes ~30min while Optimistic Rollups will take a full week.

7/ The temporary solution: Liquid L2 leverages Aave’s credit delegation vaults to enable delegated withdrawals which allow users immediate access to their assets.

This means that for a fee, users can avoid a 7 day challenge period to get access to funds instantly.

8/ 🤝 Unite - @alxcnwy @nigeon @MerlinEgalite
@SebastianStoll0

@unite_cmty is a tool to automatically distribute tokens to your community.

Afterwards, these tokens could be used to gain access to token-permissioned content like private chats / newsletters (like @Flynnjamm )

9/ 🤑 Oligo - by Maximilian Niemzik

Simply put, it allows the monetization of voting rights in governance tokens.

Leveraging a pool system, whichever side has more DAI 'staked' will determine how the voting pool will vote.

10/ I highlighted Oligo for our members because it helps validate just how dangerous the current governance models some projects have adopted are.

This warning comes on the heels of $MKR's recent flash loan gov. attack by @bprotocoleth

Read the daily for some improvement ideas

11/ 🔱 ETH 'Em All - @ncerovac @Charles__BEYER

In my last Daily (about vested rewards), I mentioned how I expected projects starting to leverage an address’ history to build some form of identity for its users.

ETH 'Em All does exactly that...except in game form.

12/ The project creates an index of unlockable achievements (represented by NFTs and Non-Transferable NFTs) based on a user’s wallet interactions with popular DeFi protocols.

In the future, these can be used as social proof for Ethereum users.

13/ All in all, I walked away inspired. Huge congrats to all the developers who were able to submit their work in time.

Additionally to the organizers of the great event: @TheRealKartik @liamihorne @Ajd367 @trent_vanepps @StemHobbs @0xstark @heather_claire @jacobwillemsma

14/ It should go without saying, but if you’re building something that you think our team @Delphi_Digital would find interesting - please don’t hesitate to reach out!

Read my full Delphi Daily here:
delphidigital.io/reports/a-snea…