Diatomix wins Hackathon

July has been a productive month for Diatomix with two important accomplishments made by our team. Diatomix is pleased to announce that it was selected as the winner of the DeFi category in the 2022 Algo HackJam, and was named a finalist in the 2022 Encode x Algorand Hackathon.

Diatomix submitted a proof concept of its platform alongside technical details for its product offering to be judged by a panel of industry experts and venture capital firms. It received overwhelmingly positive feedback from the community. Diatomix walked away from the events with extra prize money that will be contributed to its further development alongside industry feedback, and further exposure for its platform and value proposition.

Watch the closing ceremony of the Algo HackJam here.

Diatomix’s vision of providing risk management tools to hedge against impermanent loss was evaluated by executive committees at these events as exceptional future innovations in the realm of decentralized finance and will forge the path ahead for web3 development and adoption. We at Diatomix are committed to making liquidity provision and DeFi more accessible to the general public and will continue our mission to create derivative products that are in line with this goal.