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More than 300 developers participated in the event, where there were 78 projects.The team DeFiZap proved to be the winner with its proposal to allocate assets and save commissions.The startup Kyber closed his hackatón virtual for developers of applications of finances decentralized (DeFi), with the announcement of the winning teams. The KyberDeFi Virtual Hackathon managed to attract more than 300 developers from all over the world, the company reported on its official blog this Monday, November 11.The competition provided a bag of USD a 42,500 in KNC, the token native of Kyber Network, which were awarded to a total of 18 projects selected as the best applications focused on DeFi.According to Kyber, the event was organised “with the aim of discovering and supporting the talent of developers worldwide who create applications for finance decentralized”. Also, the hackatón allowed to show multiple use cases for the “protocol of liquidity onchain (in the chain) of the platform Kyber and other technologies of Ethereum,” says the press release.During the seven weeks of the event, the participating teams developed their projects applications DeFi-related payments, loans, trade margins, products, arbitration, and other financial tools. As reported Breaking News, the application should use the protocol of liquidity of Kyber Network, the technology used by the technology partners or both.The reception project was initially scheduled for October 21, but was extended for one more week, until 28 October to give the participants the opportunity to complete their projects. The jury, comprised by a panel of twelve experts, received a total of 78 submissions of which they selected 41 finalists. From this group emerged the champion and runner-up of the KyberDeFi Virtual Hackathon.
The champions
The team At Zap, made by the developers amateur_dev, Nodar Janashia, Rohith Srivathsav and Tosh Sharma, were the champions of the competition.The group presented the integration of the protocol of instant exchange of tokens of Kyber Network to a platform that allows users to assign their assets to multiple protocols DeFi, in a single transaction. In this way, the user saves not only time, but also a high percentage of the commitments or gas in the operation.”Move from ETH to cDai in Compound and ETH to dLETH2x at Fulcrum will end up costing between USD 5 and USD 6 in transaction fees. The interface Zap helps you to get ETH in cDai + LONG2xBZX in a single transaction, for approximately USD 0.86 and USD 1,76”, explains the team in the page Devpost.The champions were made to creditors of USD 5,000 in tokens KNC and other benefits such as mentoring, presentation of your project on social networks, and review of the application by representatives of the industry, among others.The runner-up position went to the team of Structured, that has built a platform that allows you to pack in an automated manner a set of products, DeFi, in investment portfolios. “Users can select a portfolio that matches their expectations, tolerance for risk and reward, and buy this portfolio in seconds, without custodians or brokers”, the press release explains.To this end, Structured uses protocols such as Kyber, Compound, Bzx, Synthetix and Uniswap. The runner-up received USD 3,000 in tokens KNC, as well as other benefits such as mentorship from specialists in order to achieve a further development of the platform.”We were surprised by the quality of presentations, ranging from decentralized applications (Dapps), data analysis tools, oracles and other applications DeFi. Many use multiple protocols in their projects, and the members of the team often worked remotely from different parts of the world,” says the press release of Kyber.