Balancer v3 Hookathon
The v3 Hookathon offers DeFi developers and DevRel experts a unique opportunity to experiment with the Balancer v3 hook infrastructure, collaborate with Balancer’s core developer team, build new and innovative liquidity features around existing AMMs, and win a share of a $17k prize pool.
Balancer v3 Hooks
The hooks framework in v3 is a brand-new feature that provides unprecedented flexibility in extending the design space of Automated Market Makers (AMMs) on Balancer.
Hooks allows developers to:
- Customize Pool Behavior: Hooks enable the customization of pool logic at various stages of the pool lifecycle, offering the ability to create specialized AMM strategies.
- Enhance Liquidity Management: With hooks, you can implement dynamic fee structures, innovative yield strategies, and more, optimizing liquidity for different use cases.
- Expand the Design Space: Whether it’s integrating new financial mechanisms or creating unique user experiences, hooks open up a vast design space for experimentation and innovation.
Some simple examples built by Balancer Labs:
Building a hook on Balancer v3 is easy. In fact, you can learn to build a fully functioning hook in just 9 minutes by watching the following video.
The Hookathon
The Balancer v3 Hook Hackathon will be online, starting on September 9th and running for 4 weeks until October 6th with weekly developer workshops / Q&A sessions, and a dedicated Balancer Discord channel.
Participants will have the chance to:
- Develop Innovative Hook Implementations: Use the hooks framework to create new features, from custom fee mechanisms to advanced liquidity management tools that could grow into efficient financial products
- Collaborate and Learn: Work alongside a community of talented developers, exchange ideas, and receive support from Balancer’s team of experts.
- Showcase Your Creativity: Present your unique hook-based projects and gain recognition in the DeFi community.
- Contribute to Leading DX: Show off your DevRel expertise, creating educational resources to improve the v3 and hook-building experience for developers in the ecosystem.
Prizes and Opportunities
The most creative and impactful projects will be rewarded with BAL prizes, plus the chance to gain visibility within the DeFi space and the possibility of scaling up to a fully functional, audited product with potential fee-sharing mechanisms.
There will be 2 categories for submissions:
Hook Development
- 1st Prize: $7k USD
- 2nd Prize: $5k USD
- 3rd Prize: $3k USD
Educational content
- 2 x Prizes: $1k each
All prizes paid in BAL equivalent, with more information released regarding Hook Development / Educational content criteria next week.
Registration will take place on DoraHacks starting next week.
Next steps
Join the weekly v3 Office hours this Thursday at 1 PM UTC where Balancer devs will run through a hooks example and answer all your questions.
- Read the v3 Hooks Documentation and Balancer v3 on Github
- Explore Hook examples in the Hooks Directory
- Join the Balancer Discord Community and start discussing ideas in the #v3-hooks channel
- Keep an eye out on Twitter for official announcements, and registration/judging criteria
We look forward to what you #BuildOnBalancer.
