Open DeFi × Gitcoin Hackathon has begun: Sponsored by 11+ Platforms.

Open DeFi
4 min readAug 19, 2021


Open DeFi is pleased to share that following the success of our first-ever virtual hackathon; multiple platforms have shown interest in sponsoring the much-awaited Second Virtual Open DeFi Hackathon in Collaboration with Gitcoin. The hack fest has begun, our sponsors for the Hackathon are Badger DAO, Barn Bridge, NEAR Protocol, dHEDGE, C.R.E.A.M. Finance, QuickSwap, Lido Finance, 1inch, Avalanche, OptyFi, Skynet Capital, and 88mph. These are some of the most prominent names of the crypto/blockchain space who resonate with the idea and aim of this virtual hack fest- allow developers to build great solutions and enhance engagement.

With Open DeFi Hackathon, participating developers will get immense support and exposure. So, make no delay and connect now to collectively contribute to the evolving DeFi ecosystem and get your talent in the spotlight.

Please Note:

  • Hackathon kickstarted on August 18
  • Hackathon Closing on September 8
  • Summit & Demo day: September 13 & 14
  • Bounties totalling over $125K up for grabs.

Open DeFi x Gitcoin Hackathon Sponsors:

Badger DAO: An excellent and evergrowing decentralized protocol primarily dedicated to building infrastructure and products to bring Bitcoin to DeFi and contribute to the overall expansion of the DeFi ecosystem and drive mainstream adoption.

BarnBridge: The first tokenized risk protocol for hedging yield sensitivity and market price that aims to create the first cross-platform derivatives protocol for any and all fluctuations. With its versatile and Smart products, BarnBridge offers layered risk management to both DeFi & tradFi investors by building more efficient debt & yield-based derivatives.

NEAR Protocol: The “Infrastructure for Innovation”, NEAR Protocol offers its open-source platform for enabling creators, communities, and markets to drive a more open, interconnected, and consumer-empowered world. It’s a highly secure application platform to manage high-value assets like money or identity. The platform is also performant enough to make such assets useful for everyday people and as a whole putting the power of the Open Web in users’ hands.

dHEDGE: A non-custodial, decentralized asset management for synthetic assets on Ethereum, ​dHEDGE is a one-stop solution for managing investment activities on the Ethereum blockchain. Through this platform, users can easily put their capital to work in different strategies based on a transparent track record.

C.R.E.A.M. Finance: A decentralized, permissionless, transparent, and non-custodial lending protocol that allows users and protocols to access financial services seamlessly. The platform’s smart contract money markets are focused on longtail assets and aim to increase capital efficiency for all assets in crypto markets.

QuickSwap: One of the rare decentralized platforms and a next-gen Layer 2 DEX aiming to simplify DeFi for a larger audience by allowing trading at lightning-fast speeds with near-zero gas fees.

Lido Finance: This decentralized protocol offers a liquid staking solution for ETH 2.0 backed by industry-leading staking providers. Lido allows users to stake ETH – without asset lock-ups or maintaining infrastructure – whilst participating in on-chain activities. As a whole, Lido aims to solve the problems related to initial ETH 2.0 staking – illiquidity, immovability, and accessibility.

1inch Network: A platform that unites decentralized protocols that enable the most lucrative, fastest, and secure DeFi operations in the space. 1inch Network primarily focuses on community, grants, and farming programs for fostering the growth and expansion of the Network and incentivize contributions through grants and other capital deployment vehicles.

Avalanche: One of the big names in the crypto/blockchain space, Avalanche is the fastest smart contracts platform with a huge number of validators securing its activity of any proof-of-stake protocol. It’s an open, programmable smart contracts platform for decentralized applications.

OptyFi: A unique platform in the DeFi space that allows users to optimize DeFi asset yields across the universe of strategies, protocols, and blockchains. The platform continually scans thousands of DeFi strategies to shift users’ assets into the most profitable strategy matching their risk preference.

Skynet Labs: Skynet is an open protocol for hosting data and web applications on the decentralized web, built using the Sia Foundation blockchain. Skynet provides developers with highly performant, censorship-resistant storage with a focus on flexibility and ease of use.

88mph: The platform allows DeFi users to lend their crypto assets at a fixed interest rate and earn $MPH rewards plus 100% of the protocol revenues.

We’re thankful to all these platforms/sponsors who have come forward to collectively contribute to the expansion of the DeFi ecosystem through the Open DeFi Hackathon. So, don’t miss this golden opportunity to learn from multiple Web3 communities, showcase and promote your products to a large audience.

📍Join the Open DeFi Hackathon now:

About Gitcoin

We’re on a mission to build an open source, collaborative, and economically empowering internet. We are creating community and infrastructure for Web 3 – a diverse range of tools, technologies, and networks that enable people to work for the open internet. By funding projects, building community, and making learning resources accessible, we are teaming up to create the digital public infrastructure of tomorrow.

About Open DeFi

Open DeFi is a progressive and unique decentralized protocol that aims to build an open DeFi ecosystem for one and all through its DeFi ecosystem DAO and unique solutions. Through Open DeFi’ community-driven DAO, the platform aims to bring a multi-chain era of DeFi and effectively contribute to the DeFi developments for greater and mainstream adoption.

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Open DeFi

A community driven DAO creating the next era of multi-chain DeFi.