CrossFi Evolutions Hackathons (CEH)

CEH is a series of events organized by CrossFi Foundation, designed to attract web3 developers with a goal of:

• Expanding the CrossFinance ecosystem.

• Creating a community of developers, interested in creating products and services based on CrossFi Chain.

• Integrating XFI native coin to new products, in order to extend its utilitarian functions and liquidity.

• Increasing the number of users for the products ecosystem.

• Reinforcing the credibility in blockchain technologies and decentralized finance industries.

Hackaton # 1 - Boost XFI Utility

Boost XFI utility - is the first online event in scope of CEH, we’re inviting everyone to participate in the shift of financial paradigm and evolve together with the CrossFi team and our partners.

Total prize pool of equivalent of $ 300 000 USD (in MPX coins) = $15,000,000 MPX

There are 3 main categories for integration with CrossFi Chain

1. DeFi
2. Infrastructure
3. GameFi & NFT

Updated Timeline

• Project Development: September 29
• Project Scoring: September 30 - October 3
• Results Announcement: October 4

BOUNTY #1: Boost XFI Utility: DeFi

Total Prize Pool for Challenge/Bounty is 7.5 Million MPX

• 1st place: 2.5 Million MPX
• 2nd place: 1.75 Million MPX
• 3rd place: 1 Million MPX
• 4th-8th place: 450,000 MPX

BOUNTY DESCRIPTION

At the moment DeFi protocols are dominating the cryptocurrency market, they’re the main driver for blockchain technologies development. These protocols cause the significant increase in total value locked (TVL), which is one of the crucial criteria for evaluating a specific blockchain and its’ native coin. The DeFi sector plays a huge role in increasing the value and liquidity of XFI.

REQUIREMENTS

In order to participate in this category we’re suggesting the following directions:

• Lending and borrowing protocols
• Automated Market Makers (AMM)
• Market forecasting
• Collateralized Debt Positions (CDP)
• Liquid Staking Derivatives (LSD)
• Yield aggregators
• Insurance

BOUNTY #2: Boost XFI Utility: Infrastructure

PRIZE For Bounty #2: 4,500,000 MPX

• 1st place: 1.5 Million MPX
• 2nd place: 1.050 Million MPX
• 3rd place: 600,000 MPX
• 4th-8th place: 270,000 MPX

BOUNTY DESCRIPTION

The infrastructure sector is essential for implementing and scaling the blockchain, and it significantly impacts the native coin’s liquidity. The more convenient and understandable tools are developed, the more users and developers will be attracted to CrossFi Chain.

REQUIREMENTS

In order to participate in this category, we’re suggesting the following directions:

• Cross-chain communications
• API
• Indexers
• Wallets
• Super Nodes
• MEV (maximal extractable value) Protection

BOUNTY #3: Boost XFI Utility: GameFi and NFT

Total Prize Pool of Bounty #3: 3,000,000 MPX

• 1st place: 1.5 Million MPX
• 2nd place: 1 Million MPX
• 3rd place: 500,000 MPX

BOUNTY DESCRIPTION

GameFi and NFT

The GameFi market is considered to be the next step in games development and their monetization. NFTs have become a unique phenomenon and are now in a revival stage through integration into game mechanics. GameFi and NFT are a proper catalyst to increase both TVL and the number of transactions performed, which in turn provide a great push to reinforce the XFI coin’s position.

REQUIREMENTS

In order to participate in this category, we’re suggesting the following directions:

• Games (play-to-earn, tap-to-earn, NFT game content)
• NFT marketplace

Developer Resources

Visit here for essential tools to help you build on the CrossFi ecosystem.

• Test XFI Console
• Test XFI Scan
• CrossFi Gitbook
• CrossFi Github

Projects Scoring

Project scoring will be carried out based on the following criteria:
All of these must be complete and included to be considered:

1. The team and their experience
2. A website and its quality (content, visual)
3. Marketing documentation
4. Technical documentation
5. XFI implementation
6. The project must be deployed on CrossFi Chain test network
7. All solutions must be open-source
8. Minimum viable product (MVP)

About CrossFi Foundation

We combined two of the most important segments of the global economy into a single app: the banking sector and blockchain technology. CrossFi Chain is a layer 1 blockchain with a modular architecture, consisting of two integral parts: Cosmos and EVM.

CrossFi Foundation, the issuer of this bounty, is a non-profit organization dedicated to fostering growth and innovation within the Cross Finance ecosystem. Our foundation is committed to supporting users, ambassadors, developers, and validators through various initiatives and grant programs.