UniLend supports ETHernals— EthIndia with $2000 in Bounties
UniLend is Supporting ETHernals: ETHIndia Online Hackathon 2022 By Devfolio🛠
👨💻 ETHernal is bringing hackers from around the world to collaborate to BUIDL on Web3 using the Ethereum blockchain.
💪 Being the strong proponent of the Ethereum blockchain, UniLend is actively fostering the ecosystem for #BUIDLers. We will also engage in panel discussions with esteemed speakers, bug bounties & much more.
🚀 Get ready for an Unforgettable Digital Experience with ETHernals. We hope to see you there!
➡️ Are you a fellow BUIDLer? Learn more about ETHernals: https://ethernals.devfolio.co/
UniLend Sponsoring $2000 UFT in Bounty
The health of the UniLend OMNIS protocol is determined by the health of borrowing positions. To mitigate the risk of collateral drops and secure the system from undercollateralized loans, the system depends on liquidators.
Build a liquidation bot on top of OMNIS protocol that
- Discover underwater accounts that can be liquidated and monitor the blockchain
- Implements a smart contract that allows the liquidation and sale of the collateral to occur atomically in one transaction.
- Use OMNIS Flashloans to cover liquidations.
- $1000 UFT each as rewards to 2 winners
Bounty Judging Criteria:
Winners will be chosen based upon the discretion of the UniLend Team. Factors to shape decision: — Integration with UniLend protocol and documentation of the project submission.
Winners will be announced 1 week after the hackathon concludes.
UniLend is a comprehensive permissionless DeFi protocol. Whereas other DeFi protocols support only a limited number of assets, anyone can list any asset on UniLend’s supported blockchains (currently Ethereum, Polygon, BSC and Moonriver) to access comprehensive DeFi functionality for those assets. This includes decentralized lending/borrowing, and the industry’s most cost-effective flash loans.
In addition to cryptocurrencies, UniLend will also support various synthetic real-world assets, NFTs and derivatives (including the major FAANG stocks and precious metals such as gold and silver).