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PancakeSwap, a leading multichain decentralized exchange (DEX), announces the launch of its v4 “Hookathon” in collaboration with Brevis and hosted on DoraHacks.
Following the launch of the PancakeSwap v4 whitepaper in March 2024, PancakeSwap has continuously engaged developers worldwide to contribute to PancakeSwap v4 through various hackathons like ETHGlobal Brussels and the ETHGlobal London Hackathon.
With the v4 launch on the horizon at the end of 2024, PancakeSwap introduces the first-ever v4 Hookathon with a $40,000 prize pool, and as part of its ongoing $500K Developers Program.
The hackathon offers developers the unique opportunity to innovate and build within the PancakeSwap v4 ecosystem and leverage the Brevis ZK-coprocessor to develop highly customizable smart contracts known as “Hooks” and showcase their work ahead of the official launch of PancakeSwap v4.
The v4 Hookathon aims to push the boundaries of what’s possible on PancakeSwap v4 by encouraging developers to innovate and develop Hooks that enhance functionality and address existing challenges. Participants will leverage the Brevis ZK-Coprocessor to create solutions that are innovative, technically robust, and user-friendly. Hooks can be integrated into any liquidity pool to execute predefined logic, offering unparalleled customization.
By utilizing the Brevis ZK-Coprocessor, participants can develop solutions that are not only technically robust but also highly user-friendly, tapping into comprehensive historical on-chain data from any blockchain while ensuring complete trustlessness.
“The v4 Hookathon is more than just a competition; it’s a celebration of the creativity and innovation that defines the DeFi space,” said Chef Momo, Product Manager at PancakeSwap. “We are thrilled to see what groundbreaking solutions the developer community will bring to life using the Brevis ZK-Coprocessor and Hooks with PancakeSwap v4.”
PancakeSwap v4 introduces several new features designed to enhance the user experience and broaden the platform’s capabilities. The addition of Hooks allows for dynamic customization of liquidity pools, facilitating innovative features such as dynamic fees, active liquidity management, impermanent loss mitigation, and much more.
Brevis-powered Hooks further extend these capabilities by allowing the querying of historical data and the execution of operations in a trustless manner. This enables advanced use cases such as loyalty programs, exclusive user access, incentivization schemes, and more.
To encourage creativity, the v4 Hookathon features a single open track with a $40,000 prize pool, encouraging developers to address any existing pain points within the PancakeSwap ecosystem. From liquidity incentivization mechanisms and market-making bots to
exclusive-access pools and yield management solutions, the possibilities are vast and varied. For a full list of potential ideas, please visit the official official blog post.
The v4 Hookathon promises a rewarding experience for participants, with prizes distributed to winners based on several key criteria, including ecosystem impact, innovation, technical excellence, usability, scalability, and end-to-end functionality. Prizes are awarded only if entries meet the judging and eligibility criteria which can be found here.
🥇 1st Prize: $12,000
🥈 2nd Prize: $10,000
🥉 3rd Prize: $8,000
🏅 4th Prize: $6,000
🏅 5th Prize: $4,000
The judging panel consists of PancakeSwap’s Product Manager (Chef Momo), Smart Contract Lead (Chef Mist), alongside Brevis’ Co-Founder (Michael Tung).
- Registration Opens: September 2nd, 12:00 PM UTC
- Opening Ceremony: September 4th, 12:00 PM UTC
- v4 Hook Creation Workshop: September 9th, 12:00 PM UTC
- Submissions Close: September 30th, 12:00 PM UTC
- Finalist Announcement: October 7th, 12:00 PM UTC
- Winners Announcement: October 24th, 12:00 PM UTC
Developers interested in participating in the v4 Hookathon can register and submit their entries via link.
For more details on PancakeSwap v4, developers can visit: website.
PancakeSwap is a leading multichain decentralized exchange that operates on an automated market maker (AMM) model and is available across nine chains: BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. Launched in 2020, PancakeSwap is one of the most popular DEXs in the cryptocurrency industry due to its low transaction fees, high-speed trading, and user-friendly platform. PancakeSwap has over $1.22 trillion in total trading volume and over $1.62 billion in total liquidity locked, making it the leading multichain DEX in the industry.
For more information, visit website.
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Source: https://beincrypto.com/pancakeswap-launches-first-ever-v4-hookathon/