Project Serum & Wormhole Host Convergence DeFi Hackathon

If your goal for 2022 is making the leap into Web3 development, then Serum and Wormhole invite you to join the Convergence Cross-chain DeFi Hackathon.

Convergence is a global hackathon that aims to onboard Web2 and Web3 developers to the Solana blockchain, and leverage Serum’s DEX & liquidity infrastructure with Wormhole’s cross-chain bridge.

The hackathon runs through January Jan. 31 and offers up to $5 million in prizes and seed funding from Serum, Wormhole, PsyOptions, Pyth Network, Atrix Finance, and Terra.

Projects can compete for a total of eight different prize tracks, each with their own submission requirements that must be met.

Prizes

In addition to Main Prize & Community Choice awards, there are six additional project-specific prize tracks:

Project Serum Award:
Build innovative solutions on Serum‘s liquidity infrastructure and Serum Core by Bonfida, provide better liquidity to Solana ecosystem & beyond.

Wormhole Award:
Utilize Wormhole’s message-passing protocol to build cross-chain solutions that extend the DeFi use-cases in the multi-chain world.

PsyOptions Award:
Meaningfully contribute to the Psy ecosystem and PSY DAO.

Terra Award:
Support the adoption of UST stablecoin and create additional use cases for DeFi within the TerraLuna ecosystem.

Atrix Award:
Integrate liquidity pools and yield farm to Atrix.

Pyth Network Awards:
Utilize Pyth’s data infrastructure to build new solutions that solve problems in the DeFi space.

What all this means is the Convergence Hackathon is an incredible opportunity for developers to learn how to build the next generation of cross-chain dApps and compete for a variety of prizes!

To help developers learn these platforms, Serum and Wormhole deep-dive into all essentials of building projects on Solana blockchain with a series of panels, live-streams (recordings available), and workshops.

Convergence Hackathon Schedule

Submission Period: January 5th, 2022 – January 31st, 2022
Community Voting Period: January 7th, 2022 – January 31st, 2022
Project live demo: First round starting January 13th
Judging Period: February 1st – 8th, 2022
Winners Announced: On or around February 8th, 2022

Convergence Cross-chain DeFi Hackathon

What is Serum?

Serum is a decentralized exchange and liquidity infrastructure protocol for DeFi protocols built on the Solana blockchain. It offers an on-chain central limit order book (CLOB) that gives developers access to matching services and shared liquidity across all protocols built on Serum.

What is Wormhole?

Wormhole is a generic message-passing protocol that connects to multiple chains including Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, and Oasis.