Sui Overflow Hackathon — NAVI Bounty
In the continuous quest to encourage and stimulate developers to build innovative DeFi products on Sui, NAVI released the NAVI SDK in March 2024.
This allowed aspiring builders to develop new lending and borrowing utilities using NAVI’s smart contracts and objects. To further incentivize builders to deploy solutions on top of NAVI’s robust smart contract environment, the team is excited to sponsor the ongoing Sui Overflow Hackathon.
Sponsorship Breakdown
NAVI will participate with a bounty of $12,500 for Sui Overflow and an additional bounty of $10,000 for building on top of NAVI.
Sui Overflow Sponsorship
NAVI’s sponsorship of the Sui Overflow encompasses the “Community Favorite Award”. To this end, NAVI will provide $12,500 rewarded equally to 5 x best projects participating in the Sui Overflow Hackathon, based on community voting, in $2,500 reward slots.
For more information about participation in the broader Sui Overflow, visit https://sui.io/overflow.
NAVI Bounty
In addition to the Sui Overflow reward, and as part of the hackathon, NAVI will distribute a bounty of $10,000 in NAVX tokens, to developers that directly leverage NAVI SDK.
The prize distribution for this bounty is as follows:
Total prize pool: $10000 in $NAVX (SUI-native token with the most extensive use cases) by designing and deploying a meaningful and useful* flashloan bot that commits the most calls to NAVI’s flash loan feature, leveraging the NAVI SDK!
- First prize — most calls to flash loan — $5000 in $NAVX
- Second prize — 2nd most calls to flash loan — $3000 in $NAVX
- Third prize — 3rd most calls to flash loan — $2000 in $NAVX
Your Impact: Design and deploy a meaningful and useful* flash loan bot that maximizes the utilization of NAVI’s flash loan feature, leveraging the NAVI SDK. Together, your submissions will help test and refine a robust flash loan mechanism that offers users efficient access to capital for various DeFi activities while ensuring security and reliability.
*Meaningful and Useful Assessment Criteria:
- Utility: The bot must provide tangible benefits to users and contribute to the overall growth and adoption of the NAVI ecosystem.
- Security: The bot’s code should prioritize security practices and follow industry standards to protect users’ funds and maintain the integrity of the NAVI ecosystem.
- Performance: The bot must demonstrate high performance and reliability during execution, with minimal latency and efficient use of resources.
- Alignment with NAVI Ecosystem: The bot’s design and functionality should contribute to the growth and success of the NAVI ecosystem, encouraging adoption and fostering community engagement.
Deliverables:
- A concise problem statement outlining the specific user needs or pain points addressed by the bot + demonstration of the bot’s functionality and its impact
- A well-documented flash loan bot codebase that showcases the effective use of NAVI’s flash loan feature and NAVI SDK.
- A detailed report outlining the bot’s design choices, implementation process, and test cases to verify its performance and reliability.
Why Build Together with NAVI Protocol?
A Shared Vision for NAVI Flash Loan Innovation
Documentation: NAVI Flash Loan Developer Doc
Flash Loan Education Series: Thread
Summary benefits of flash loans for DeFi users:
- No need for collateral democratizes access
- More arbitrage opportunities enable higher capital efficiency
- Instant liquidity for participants improves overall
Thorough Documentation, Developer Tools, and Technical Support
Leverage NAVI SDK to seamlessly integrate NAVI and SUI data into your applications, which is backed by our full team support to ensure smooth implementation and optimization.
If you’re a developer with a passion for innovation and a shared vision for the future, we want to work with you. Join us in expanding the utility of digital assets, proliferating seamless user experiences, and building the new era of digital finance.
Getting Started
Step 1: Join our dedicated developer channel, supported by our experienced technical leads
Step 2: Explore developer docs on integrating Flash Loans and data via the NAVI SDK
Step 3: Follow SUI Overflow Hackathon and NAVI guidelines to submit your project
About NAVI Protocol
NAVI is the first and most trusted Native One-Stop Liquidity Protocol on Sui. With over $180M in TVL and nearly 1M active users, it enables anyone to participate as liquidity providers or borrowers within the Sui Ecosystem.
The protocol’s innovative features, such as Flash Loans, Automatic Leverage Vaults, and Isolation Mode, enable users to leverage their assets and access novel trading opportunities with minimized risks. NAVI’s design provides support for digital assets at different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.
NAVI’s innovation roadmap and tools are built by developers for developers. Core contributors of the protocol regularly sponsor and mentor feature-integration hackathons, product-led partnerships, and any aspiring builders in the move ecosystem.
The One-Stop Liquidity Protocol on Sui 💧
