In the build up to ETHDenver, Bancor is sponsoring the Sustain Web3 Virtual Hackathon hosted by Gitcoin.

Submission Deadline: 11:59pm EST on Wednesday the 12th of February. Prizes: Up to $4,000 in DAI.

Check out the developer challenges below:

Fork Bancor contracts and create new Bancor pool designs that are optimized for stakers (high ROI) and traders (low token prices).

New Bancor pool designs could:

Integrate pools with lending protocols (e.g., lend pool tokens to Compound) to hedge risk for stakers

Dynamically update the pool’s fees or reserve ratio to reduce impermanent loss

Utilize more than 2 underlying assets (e.g., an array of stablecoins, or an array of pegged assets)

Allow stakers to be exposed to only one asset in the pool

Calculate conversions with lower slippage without requiring additional liquidity to be staked

Build an advanced trading and liquidity front-end. Key functionality should include:

Create new Bancor liquidity pools

Add & remove liquidity from existing Bancor pools

Perform conversions between tokens in the Bancor Network

There is already an open-source version of Bancor’s conversion widget live, which developers can iterate on.

Bonus points — Adjustable Reserve “Weights”: Currently Bancor pools preset a fixed 50/50 ratio between the two reserves in a liquidity pool. Extra points will be given to front-ends that allow users to create Bancor pools with a reserve ratio that is between 30/30 and 50/50. This could theoretically result in the value of the liquidity pool tokens growing as users add liquidity.