ETHDenver Treasure Hunt: Overview of 30 Winning Projects
The 30 winning projects are mainly distributed in the categories of DeFi, infrastructure, and metaverse or gaming.Author: Karen @Foresight News
30 winning projects are mainly distributed across DeFi, infrastructure, and metaverse or gaming categories, with innovative projects such as using machine learning for automated smart contract auditing, MEV frontrunners intercepting malicious transactions, identifying KYC users through NFTs, converting small tokens to ETH, and lending protocols targeting NFT assets receiving significant attention.
The 10-day ETHDenver 2022 has officially concluded. Here, over 170 teams composed of hackathon participants competed for the top 30 spots to win a total of $1 million in prizes and awards, $2 million in investment capital, and an additional 1 million SPORK zero-knowledge secondary prize pool.
Among the 30 winning projects, 5 belong to the infrastructure category, including Deus Ex Securitas, which can automatically audit smart contracts using machine learning, Death Star, which intercepts malicious transactions with MEV frontrunners, Blocksnap, a tool for generating on-chain data snapshots, and IdentDeFi, which can identify KYC users.
6 belong to the DeFi category, including SlowSwap, an anti-MEV Uniswap V2 fork project, and DustSweeper, which can convert small tokens to ETH. In this field, there are two DeFi projects targeting NFT assets: Bunker.finance, a lending protocol supported by NFT collateral, and Mimicry Protocol, a derivatives protocol for NFTs.
4 belong to proof-type projects, with proof types including location proof, NFT ownership proof, and identity proof. Additionally, there are 5 gaming and metaverse projects and 4 DAO or community projects among the winning projects.
From the perspective of network construction, nearly 20 projects will be built on multiple chains, with the vast majority being built on Ethereum or Polygon, and a few projects located on Polkadot, Binance Smart Chain, Harmony, Algorand, Gnosis Chain, Metis, and Arbitrum.
Infrastructure
Deus Ex Securitas: Automated Smart Contract Auditing Using Machine Learning
Deus Ex Securitas can automatically audit smart contracts using machine learning, with an NLP model that classifies Solidity scripts based on vulnerabilities and can even point out which lines of code are vulnerable.
Death Star: Intercepting Malicious Transactions with MEV Frontrunners
Death Star protects user wallets from hacks and scams by immediately intercepting malicious transactions detected on the Ethereum chain.
The specific solution of Death Star is that users whitelist multiple addresses, and when one of these addresses is transferring tokens to a non-whitelisted address, Death Star's MEV frontrunner will immediately send a transaction with double the gas fee to transfer all of the user's assets to a backup address.
Cannon: Managing Protocol Deployments
Cannon is a Hardhat plugin inspired by Docker and Terraform, allowing users to configure scripts, keepers, and on-chain dependencies for automatic deployment across multiple local or chain environments.
Cannon comes with a built-in decentralized package manager (supporting Ethereum and IPFS), allowing easy coverage of existing development or testing protocols. All three members of this project are core contributors to Synthetix.
Blocksnap: On-Chain Data Snapshot Generation Tool
Blocksnap is a tool that can easily capture on-chain data snapshots, applicable only to EVM-compatible chains, currently supporting Ethereum, Polygon, Arbitrum, and Optimism.
IdentDeFi: Identifying KYC Users
IdentDeFi uses ZK proofs to maintain user anonymity while identifying compliant users, focusing on open, secure, and privacy-protecting compliance checks.
In terms of operation, users undergo KYC once and mint a non-transferable NFT after verification. The protocol can then check if the user holds the KYC NFT, helping the protocol filter qualified users to use its platform.
DeFi
SlowSwap: Anti-MEV Uniswap V2 Fork Project
SlowSwap is an AMM protocol with a verifiable delay function (VDF) and is a fork of Uniswap V2, designed to prevent maximum extractable value (MEV) and sandwich attack issues, built on Ethereum and currently live on the Ropsten testnet.
DustSweeper: Converting Small Tokens to ETH
DustSweeper allows users to convert various small tokens to ETH, saving on transaction fees, and will be built on Ethereum and Polygon. The specific process involves users approving a series of small tokens in their wallets, after which the Taker Bot will exchange these tokens for ETH at a discounted rate for the user. DustSweeper is currently in the testing phase and has not yet been deployed to the mainnet.
DustSweeper is currently crowdfunding on Mirror, having raised 115 ETH, far exceeding the original target of 50 ETH. Crowdfunding contributors will receive 34% of the total supply of DustSweeper tokens (DUST) when the DAO launches.
Bunker.finance: Lending Protocol Supported by NFT Collateral
Bunker.finance is a decentralized lending protocol supported by NFT collateral, built on Ethereum, using Compound's pool mechanism to facilitate instant lending without requiring borrowers and lenders to wait for counterparties to match. Bunker.finance also integrates with Yearn v3's USDC and WETH gun pools to earn interest on funds currently not provided to borrowers.
Bunker.finance plans to integrate with Rarible's NFT indexing service to display NFTs that users can deposit. After Rarible supports CryptoPunks, CryptoPunks NFTs will be the first type of collateral supported by Bunker.finance.
Mimicry Protocol: Derivatives Protocol for NFTs
Mimicry Protocol (MIME) aims to provide users with a DeFi derivatives protocol for NFTs based on Polygon by forking Synthetix, utilizing Chainlink oracles to map NFT prices, with positions represented by ERC-721 tokens called Mimics.
Specifically, users can deposit MIME collateral to mint Mimics, which record the type and amount of collateral deposited, the type of underlying trading NFT, direction, opening time, collateralization ratio, and other data.
ExchangeIt: Decentralized Free Trading Market
ExchangeIt is a decentralized free trading market based on Polygon, enforced and incentivized by smart contracts, allowing users to list items and make offers, with item prices determined by GPS-supported Chainlink EA, and disputes and bad actors governed by DAO. Currently, ExchangeIt is live on the Polygon Mumbai testnet.
In terms of the specific trading process, sellers submit the item name, location, description, contact information, price, minimum escrow amount (MATIC), and a 6-digit code when listing an item. Buyers then submit offers and must send MATIC exceeding the specified minimum escrow amount. Sellers can only accept one offer and escrow these MATIC, locking the contract after the seller accepts the offer. Buyers and sellers meet to exchange goods and unlock the contract using the code. Additionally, both parties will receive token rewards after a successful transaction.
Skew You: Yield Arbitrage
In Skew You, based on Arbitrum, users deposit funds into a vault that automatically allocates these funds to the highest-yielding arbitrage positions. The V1 version will utilize Tracer Perpetual Pool tokens on Balancer and perpetual futures on GMX. However, once launched, users will need to assess the risk of the funds themselves.
NFT
Supercool: NFT Creation Tool and Tokenized Social Engagement Engine
Supercool is a no-code NFT creation tool and tokenized social engagement engine. Users can draw or create pixel art on-chain within Supercool or start from templates, and upon completion, they can mint and share on Twitter. Currently, Supercool has launched its application based on Polygon.
Additionally, Supercool will extract user engagement data from Twitter through its engagement engine, such as retweets, likes, and comments, and proportionally distribute its social token, Supercool Social Token (SST), to users.
Gaming & Metaverse
Arena-Verse: Virtual World for Athletes
Arena-Verse aims to build a virtual world for athletes. In this metaverse, arenas and facilities will be created for athletes, along with insurance and financial products, using Web3 tools for governance. Arena-Verse will ensure that athletes receive fair compensation and economic benefits.
ZK-Battleship: Prototype Battleship Game
This is a prototype battleship game based on zkSNARK proofs and verification, currently under development, and will be built on Polygon and Gnosis Chain.
MoonScape: Role-Playing Web Game
MoonScape is a multiplayer action role-playing web game based on Unreal Engine, built on Polygon and Ethereum. MoonScape enhances Unreal Engine with Web3 features, such as wallet-based login and user management, as well as programmatic NFT minting and trading triggered by in-game events and actions.
Funbugᵍᵐ: P2E Engine
Funbugᵍᵐ is an open P2E engine based on Ethereum.
INDAO: Interstellar Yield Gaming
INDAO will be built on Metis and is an interstellar yield gaming project.
Proof
ZKmaps: Location Proof Protocol
ZKmaps is a location proof protocol that aims to use ZK proofs to protect users' location information, built on Ethereum and Polygon.
Specifically, ZKmaps will enable users to prove their location within a geofenced boundary without disclosing their exact location using ZK snarks. Use cases include helping POAP DAO verify the decentralization of program funds, proving whether a location is within a state or city, ride-hailing, and location-based NFT minting activities.
Note: Geofencing is a feature in software programs that uses GPS or RFID to define geographical boundaries.
zkProof of Buffiness (zkPoB): NFT Ownership Proof Protocol
zkPoB is a mobile-compatible tool that allows anyone to prove they own a Bufficorn or any NFT without revealing the specific NFT number or the address they are verifying.
Fracture | Constitute: Identity Proof Protocol
Fracture | Constitute will be built on Algorand and can recover documents through trusted social consensus.
Fracture | Constitute aims to provide a choice for displaced refugees to recover their identity or any data they may wish to obtain from their home country without having to carry this data during their journey.
22222.World: Become a VIP Member Through NFT Ownership
22222.World enables users to become VIP members through NFT ownership, allowing users to easily verify NFTs. Additionally, through Tableland integration, small organizations can easily track attendance in a decentralized manner, and connecting with myColorado's API allows small organizations to add Colorado ID verification to their attendance tracking systems.
Wallet
Kiyomi: Multi-Chain Mobile Wallet
Kiyomi is a multi-chain mobile wallet based on Moonbeam and Moonriver, allowing users to showcase and use NFTs. On this basis, Kiyomi introduces the concept of mini apps, where users can unlock app features and experiences based on the tokens they hold, such as unlocking mini-games for specific NFT collections.
DAO & Community
AcademyONE: Educational Incentive Platform
AcademyONE is an educational platform that allows projects to outsource and incentivize the creation of high-quality learning content, currently live on the Ethereum Rinkeby testnet.
DoOrDon't: Assessing DAO Trust Scores
DoOrDon't allows users to decide whether to join a DAO by assessing its transparency and decentralization, with evaluation factors including community activity, governance, token distribution model, treasury, etc. The DoOrDon't frontend will provide data visualization and trust scoring metrics, enabling visitors to decide whether to join the DAO.
Intuition: Decentralized Identity Peer-to-Peer System
Intuition is a decentralized identity peer-to-peer system based on Ethereum, collateralized by economics, reputation, or time, similar to a decentralized version of review site Yelp, LinkedIn's skill endorsement feature, or the like feature in social media, with the difference that users can earn proportional rewards in Intuition.
Use cases include resisting witch attacks, credit scoring, recruitment, reviews, dataset quality assurance, and feedback.
Background Network: Discord Chatbot and Assistance Protocol
Background Network will build a web-based help center similar to the Q&A site Stack Overflow. The project believes that support channels in Discord are chaotic, making it difficult for users to obtain useful answers.
On Background Network, users can log in with their wallets and create profiles to ask and answer questions without logging in to read content. Then, Background Network can pre-fill pages with Q&A from their Discord help channel.
Others
LOUDVΞRSΞ
LOUDVERSE is a two-sided market that funds public goods that are difficult to quantify, such as music, poetry, and drama, and will be built on Ethereum and Harmony. Unlike Gitcoin, LOUDVERSE will adopt double-constrained quadratic funding, specifically considering the constraints of the available funding pool and the minimum viable funding limit for each proposal.
Among them, the funding pool limit is the total amount of matching grant funds provided, and the minimum viable funding limit for each proposal is a constraint set by the public goods project party, representing the minimum funding required to complete the project. If the minimum required funding is below the ideal total funding, the project will not pass to avoid wasting funds. The specific operational mechanism is as follows:
Proof of Meditation: Meditation Incentive Application
Proof of Meditation is an application that incentivizes users to meditate and rewards them. The project believes that taking time to meditate and practice mindfulness is as valuable as completing work and should be rewarded for their efforts.
The specific operation process is that users can decide whether to join a 21-day meditation cycle on the first day of each month, choosing to meditate for 10 minutes each day, and then stake tokens to bet on their goals. Each time they miss a day, a portion of the staked tokens will be locked into the meditation cycle pool. After 21 days, each participant will receive staked tokens corresponding to the number of days they checked in, and the tokens in the pool will be distributed among users who checked in for 21 days.
kudos: Upgrading Food Systems
This project provides a network of food systems composed of farmland, farmers, farmers' markets, logistics, and delivery providers, rewarding and incentivizing farmers and food system supporters, currently live on the Harmony testnet.
Colorado Aware
Colorado Aware aims for Colorado to transition to renewable energy as soon as possible, gradually moving users to a blockchain environment for distributed energy management and optimization. Additionally, tokenized protection incentives and peer-to-peer energy trading may be introduced in the future.
