Workers Auto Approve
Leverage On Aave challenge
Aave, DeFi, Finance, Ethereum
### Challenge Description
This challenge will act as a mini-grants program to kickstart your project leveraging on Aave Protocol to build your own DApp or service.
Feel free to dive into our developer's [documentation](https://docs.aave.com) and build the product corresponding to your vision.
Many great projects have emerged from previous hackathons, and now it's your turn to grab the spotlights!
We want to see you build the next big DeFi DApp, and we will reward multiple teams on this challenge. Give us your best shot and grab your fair share of the 3500 aDAI prize pool of this challenge!
#### Features expected
Challenger applicants are free to provide their vision and ideas to fulfill this challenge. We shared quite a few ideas for you to find inspiration on this [Article](https://medium.com/aave/aave-x-hackmoney-time-to-buidl-9f91e0bf85e6)
Developers are invited to leverage on Aave features :
- Deposits tokenization with the aTokens — for the first time in DeFi, tokenized deposits are at a 1:1 ratio with their underlying assets
e.g 1 aDAI = 1 DAI = 1 USD.
aToken holders have an ever-increasing balance directly in their wallets.
- Native protocol redirection — any user can define a beneficiary Ethereum address and all their interest will be streamed to the recipient natively.
- Flash Loans — 50M$ liquidity are available and a few lines of code away, borrow as much as you want without any collateral, execute some actions and bring back the capital and the end of your transaction. Liquidations, arbitrage, collateral swaps, and more… the opportunities are limitless.
- Brand new reshape of the Stable rates mechanisms for borrowers.
You can communicate with the Aave team in the official [Gitcoin Discord](https://discord.gg/MFXD7D2)
We will also provide assistance and advice to all applicants in the official [Aave discord](https://discord.gg/36sR272).
**MarcZeller | Aave** and **David T | Aave** will be happy to provide assistance for this challenge on both servers
The Mainnet and the Kovan and Ropsten testnets are yours to interact with Aave protocol please refers to our [documentation](https://docs.aave.com).
Hackers can also find inspiration in the [Aavesome List](https://github.com/marczeller/Aavesome-list/blob/master/README.md) of projects leveraging on Aave protocol
#### Submission Requirements:
Must have an open-source license.
Must use the Aave protocol.
An ideal submission for this challenge is both providing a user-friendly UX/UI and capable to generate an added value for the Aave and DeFi ecosystems.
Hackathons events are the perfect opportunities for you to focus on building what will become a successful project with support and feedback from rockstar developers of the ecosystem and the possibility to earn a cash prize to help your project grow and meet your first users.
#### Submission Deadline
Submission deadline is at the end of the Hackathon on 27th May 11:59 pm ET
#### Judging Criteria
- Usefulness of the submission (15%)
- Innovation provided by the submission (10%)
- Level of technical implementation (15%)
- UI/UX of the implementation (10%)
- Financial benefits for Aave users. (25%)
- Business Model of the project (25%)
#### Judging Date
Judging will be at the end of the Hackathon on 27th May 11:59 pm ET
### Winner Announcement Date
The submission will be reviewed between May 27th and June 2nd. Winners will be privately notified before a public announcement of all hackathon prices given by Aave. The announcement and prize payouts will occur before June 3rd, 2020.
#### Challenge rewards
3500 aDAI shared by the best Teams
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