DeFi The Conventional — The Newest and First Hackathon in the Year 2022
The Conventional 2022: Introducing DeFi
DFTC will be Canada’s largest Web3 Hackathon. From March 18th to March 20th, 2022, it will be held at the University of Ottawa.
Terra is a proud and official sponsor of the event.
What is Terrra DeFi the conventional?
DeFi the conventional is held on March 18th to 20th. The workshop is hosted (before the hackathon) is scheduled on:
March 2nd:
The first workshop will take place on March 2nd at 6 p.m. EST. They have cover the fundamentals of blockchain, decentralization, Proof of Stake, Decentralized Stablecoins, and a high-level introduction of the Terra Development Ecosystem in this section.
March 16th:
The second session will take place on March 16th at 6 p.m. EST. This program will be more advanced, including an introduction to Rust, smart contract architecture, and a code-along for constructing a simple Decentralized Application.
March 18th:
The main event: Hackathon
The goal of the Hackathon is to enhance the Terra and Cosmos ecosystems. The overall prize fund for the tournament is CAN$12,000, which is divided into three challenge sections:
$2,500 in first place
$1,000 in second place
$500 for third place
Down below are the information about the said event:
· The hackathon is a 36-hour hybrid (in-person and online) programming competition on a huge scale. The objective for hackers is to design blockchain solutions based on specific topics that benefit the Terra and Cosmos ecosystems.
· Prizes will be given out in either UST or Luna.
· Every system on Terra has seen a significant increase in user numbers over the last year. As a result, the need for additional programmers in the Terra Ecosystem increased.
· The Terra ecosystem is searching for developers that have demonstrated exceptional performance, ambition, and a desire to build new ideas in the Web3 arena.
· The Terra Builder Alliance, an association that assists aspiring developers in finding their position within the Terra Ecosystem, is supporting this event.
· DFTC also offers a series of seminars designed to acquaint guests with the Ecosystem. The seminars will be held before to the hackathon to further prepare registrants.
These will be aired live on Twitch.
· Throughout the hackathon, there will be several in-person and virtual events. Smaller workshops, Terra Developer AMAs, and many more are among them.
· Students from Ontario and Quebec colleges who choose to participate in person will be fully provided in terms of transportation, food, and hacking space.
· The event is also available to anybody who is not part of that demographic, and the hackathon may be completed entirely online. However, prizes are only offered to undergraduate university students and secondary school pupils.
· Furthermore, the hackathon and workshops will be live-streamed on this Twitter account as well as their official Twitch channel: https://www.twitch.tv/terrahackathon
· Applications must be submitted using the event’s Typeform to sign up virtually: https://terraformlabs.typeform.com/to/dJFaND8A?typeform-source=t.co
· The Institute of Electrical and Electronics Engineers at the University of Ottawa:
Instagram: https://www.instagram.com/ieeeuottawa/
Facebook: https://www.facebook.com/ieeeuottawa
Linktree: https://linktr.ee/ieeeuottawa
· University of Ottawa Engineering Students’ Society:
Instagram: https://www.instagram.com/uottawa_essaeg/
Facebook: https://www.facebook.com/uottawaessaeg
· Student Association of Computer Science at the University of Ottawa:
Instagram: https://www.instagram.com/cssa.aei/
Facebook: https://www.facebook.com/CSSAAEI
This event is organized by academic groups with the goal of introducing individuals to the Web3 business; it is purely educational and technical in nature.
What is Terra?
Terra is a public blockchain system for algorithmic stablecoins that is open source. It makes it possible to create fiat-pegged stablecoins that may be spent, stored, traded, or swapped on the Terra network.
Why Terra?
Investors are optimistic about the cryptocurrency, and many see this reserve as a method to lessen volatility on Terra’s platform. Since then, LUNA has risen to seventh place among the top cryptocurrencies in terms of market capitalization, surpassing Solana (SOL) and Cardano (ADA) (ADA).
