Sui Liquid Staking Hackathon Registration Open
Event Introduction
Recently, the Sui protocol has upgraded to support liquid staking, and the Sui Foundation invites developers to participate in the Liquid Staking Hackathon to facilitate asset re-circulation.
Registration for this hackathon officially opened on August 16 and will compete in the form of a Demo Day from September 27-30, with results announced on October 2.
The prize pool for this hackathon includes 25 million staked SUI Tokens and SUI Tokens worth $125,000.
Schedule
Registration: August 16 - September 15
On-site Reporting and Workshops: September 15-16 (Builder House Singapore)
Preliminary Selection: September 17-21
Shortlist Announcement: September 22
Demo Day: September 27-30
Results Announcement: October 2
Before the preliminary selection ends, teams can choose to participate in the Sui Builder House Singapore offline event (September 15-16) to meet with Sui Foundation staff, judges, and other Sui DeFi project teams. There will also be opportunities for one-on-one guidance and feedback from the Sui Foundation team and judges, with more specific details to be released soon.
Competition Categories
Participating projects should belong to one of the following two categories:
1. Liquid Staking Protocols:
- Non-custodial liquid staking L1 implementation solutions
2. LST DeFi and Tools
Products based on LST derivatives (LST DeFi and other LST L2 products)
LST-related tools and infrastructure
Eligibility
To be eligible to participate, projects must meet the following criteria:
Teams or individuals can submit projects, and the Sui Foundation will assist in team formation.
Deployed on the Sui mainnet or testnet before Demo Day.
Utilize some form of liquid staking primitives on Sui.
The liquid staking functionality of the project must be non-custodial.
At least one member of the development team must: be able to attend the Demo Day at the end of September and complete KYC to receive prizes.
Promote decentralization by retaining autonomy over staking with any validator node or using staking algorithm solutions that benefit the ecosystem.
If the project wins, to receive Sui Foundation staked SUI, the project must pass smart contract audits and be deployed on the Sui mainnet.
Projects built on Sui must add liquid staking functionality to participate in this competition.
Workshops
Participating projects will receive development workshops provided by the Sui Foundation team and other hackathon partners and supporters, covering topics such as SUI staking mechanisms, dynamic fields, and fungible and non-fungible tokens on Sui, with more specific details to be released soon.
Awards
Liquid Staking Protocols
? Prize: 25 million staked SUI
25 million staked SUI will be evenly distributed among the top three winning projects.
The top three winning projects will undergo two security audits.
The Sui Foundation will allocate the liquidity obtained from each liquid staking protocol to other eligible ecosystem protocols to further support Sui's DeFi ecosystem. The specific process for distributing such liquid staking tokens and eligibility criteria will be announced in the future.
LST DeFi and Tools
? Prize: $100,000 SUI Token
First Place: $50,000 worth of SUI Token
Second Place: $30,000 worth of SUI Token
Third Place: $20,000 worth of SUI Token
Honorary Award
? Prize: $25,000 SUI Token
$25,000 worth of SUI Token will be evenly distributed among all shortlisted teams that did not place in the top three of any category.
? If you have any questions about the hackathon, you can join the Hackathon Slack Workspace and ask.
☎️ Chinese developers can join the Sui Chinese Telegram Group for questions and discussions.
About Sui Network
Sui is an L1 public chain redesigned and built from first principles, aimed at providing a development platform for creators and developers that can support the next billion users in Web3. Applications on Sui are based on the Move smart contract language and feature horizontal scalability, allowing developers to support a wide range of application development quickly and at low cost.
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