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Challenge 3 — Automated market making strategy for stablecoins using the 1inch Limit Order Protocol

Open DearNadia opened this issue 4 years ago • 5 comments

Prize Title

Automated market making strategy for stablecoins using the 1inch Limit Order Protocol

Prize Bounty

3,000 USD in 1INCH Tokens

Challenge Description

Write a smart contract that creates buy/sell orders for stablecoins. The idea is to be able to buy stablecoins at lower rates and sell at higher rates, making a profit on rate differences. A smart contract would simultaneously create buy and sell orders.

1inch limit order protocol is a set of smart contracts, that can work on any EVM based blockchains (Ethereum, Binance Smart Chain, Polygon, etc.). Key features of the protocol is extreme flexibility and high gas efficiency that achieved by using two different order types - regular Limit Order and RFQ Order. Smart Contract allows users to place limit orders and RFQ Orders, that later could be filled on-chain. Both type of orders is a data structure created off-chain and signed according to EIP-712.

Judging Criteria

Solution must be unique and it must work. We expect demo, not presentations We'll do a code review to ensure code quality to make the final decision.

Resources

Limit Order Protocol Documentation

DearNadia avatar Sep 06 '21 21:09 DearNadia

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


This issue now has a funding of 979.0002 1INCH (3005.53 USD @ $3.07/1INCH) attached to it.

gitcoinbot avatar Sep 17 '21 18:09 gitcoinbot

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work has been started.

These users each claimed they can complete the work by 1 week, 1 day from now. Please review their action plans below:

1) 0xzinth has started work.

Working on this challenge

Learn more on the Gitcoin Issue Details page.

gitcoinbot avatar Sep 21 '21 22:09 gitcoinbot

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work for 979.0002 1INCH (2506.24 USD @ $2.42/1INCH) has been submitted by:


gitcoinbot avatar Sep 28 '21 23:09 gitcoinbot

Hi @DearNadia, is there any update on finalizing this bounty?

0xZinth avatar Oct 21 '21 02:10 0xZinth

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


The funding of 979.0002 1INCH (2427.92 USD @ $2.58/1INCH) attached to this issue has been approved & issued to @0xzinth.

gitcoinbot avatar Dec 10 '21 16:12 gitcoinbot