Bringing blazing speed, low fees, and scalability to Decentralized Finance

February 15 - March 1


Up to $400k in prizes

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With Support From
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Winners

First Place

Mango Markets

Mango is a decentralized, cross-margin trading platform with up to 5x leverage and integrated limit orders on Serum DEX’s on-chain order book. Makers or takers can earn interest on deposits and margin positions, as well as trade with near zero fees thanks to Solana’s high-performance blockchain. Additionally, users can contribute SRM into a shared pool to reduce the fees for all traders on the platform. Congrats Team Mango!

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PsyOptions

PsyOptions is a project that implemented American style options on Solana, with SOL and SPL token support. PysOptions can be extended to and composable with leveraged, inverse, and volatility products. The team executed on the idea, laid out a compelling roadmap, and designed a slick interface. Well done PsyOptions!

Second Place

Parrot

Parrot is a synthetic debt protocol that bridges existing yield-bearing tokens on Ethereum layer 1 into Solana’s DeFi ecosystem. LP holders in protocols like Sushi, Curve, etc. can now use tokens as collateral directly on Solana-based lending products.

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Synthetify

Synthetify is a decentralized protocol for synthetic assets, built on Solana. The system works similarly to Ethereum-based Synthetix protocol.

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Solrise Finance

Solrise is a decentralized, p2p asset management and trading protocol that allows fund managers to create investment funds, deposit tokens, and choose assets to trade. It also enables fund investors to track fund performance and their earnings.

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Third Place

Serum Tax Time

The SerumTaxTime team built a tool to automatically sift through a user’s Serum DEX trades and present them via clear data analytics to determine tax payments.

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DTF Protocol

DTF Protocol is a Solana-based system that enables users to implement an asset management strategy in which others can invest. A strategy consists of a basket of SPL tokens encapsulated in a DTF program which is itself an SPL token. By supporting external integrations with exchanges, lending platforms, automated market makers, and asset protocols, DTFs enable any type of strategy including those employing.

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Sushi Warrior

Sushi Warrior is a multiplayer tournament-style battle game that includes no-loss lotteries, similar to PoolTogether, and leverages Solana, Arweave, Torus, USDC, and AAVE to bring composable DeFi to the world of gaming.

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Tenderize Me

Tenderize Me is a liquid staking solution that enables users to generate tenderSol, a value accruing staking derivative token, which allows them to enter or exit staking with no bonding and unbonding period. The main focus is to make staking more efficient and easy for regular non-technical Solana community members. Having a tenderSol token that represents their staking position allows users to use it again, for example as a collateral in other protocols.

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Community Choice Prize

COPE

COPE is a token project that enables traders to rank their performance and view other traders’ performance in an index based on their Cope score. The ranking creates signal for other traders looking to enter new positions. The second phase of the project is to implement an automated investment product that users can permission to trade on their behalf based on the COPE index. The immediate capability allows for integration of the Serum DEX, which gives traders the ability to deploy active strategies on CLOBs according to rules produced in a smart contract running on Solana.

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Torus Award

Torus, a popular DeFi wallet, offered up a $2,000 prize to the team that best integrated their wallet solution in the project. After reviewing all of the submissions with a Torus integration, Sushi Warrior again was selected as a winner. Congrats again Sushi Warrior!

All Submissions

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Prizes

Grand Prize

  • The top projects will have the opportunity to continue building in order to compete for a seed funding round of $200k.

First Place

  • 2 teams will win $50k USDC
  • Custom North Face jackets

Second Place

  • 3 teams will win $20k USDC
  • One pair of Solana socks
  • One pair of AirPods Max

Third Place

  • 4 teams will win $10k USDC
  • One pair of Solana socks
  • One Solana water bottle

Community Choice Award

$5k USDC

Project Awards

  • $2k USDC chosen by Torus

All project submissions

$100 USDC

Disclaimers

The Solana Foundation x Serum DeFi Hackathon is a competition where projects will be evaluated by judges on their technological merits without consideration of legal viability. Participants in the Hackathon will create software solely for purposes of evaluation by judges as part of a competition and not for commercial deployment or release as part of the Hackathon.All participants must comply with applicable laws and regulations when releasing any software that they develop as part of the Hackathon.

The Hackathon ideas and developer resources that Solana Foundation (“SF”) provides are for educational and inspirational purposes only. SF does not encourage, induce or sanction the deployment of any such applications in violation of applicable laws or regulations. SF does not encourage, induce or sanction the deployment, integration or use of any such applications (including the code comprising the Solana blockchain protocol) in violation of applicable laws or regulations and hereby prohibits any such deployment, integration or use. This includes use of any such applications by the reader (a) in violation of export control or sanctions laws of the United States or any other applicable jurisdiction, (b) if the reader is located in or ordinarily resident in a country or territory subject to comprehensive sanctions administered by the U.S. Office of Foreign Assets Control (OFAC), (c) if the reader is or is working on behalf of a Specially Designated National (SDN) or a person subject to similar blocking or denied party prohibitions, or (d) in violation of the Commodities and Exchange Act.

The reader should be aware that U.S. export control and sanctions laws prohibit U.S. persons (and other persons that are subject to such laws) from transacting with persons in certain countries and territories or that are on the SDN list. As a project based primarily on open-source software, it is possible that such sanctioned persons may nevertheless bypass prohibitions, obtain the code comprising the Solana blockchain protocol (or other project code or applications) and deploy, integrate, or otherwise use it. Accordingly, there is a risk to individuals that other persons using the Solana blockchain protocol may be sanctioned persons and that transactions with such persons would be a violation of U.S. export controls and sanctions law. This risk applies to individuals, organizations, and other ecosystem participants that deploy, integrate, or use the Solana blockchain protocol code directly (e.g., as a node operator), and individuals that transact on the Solana blockchain through light clients, third party interfaces, and/or wallet software.