Hack DeFi Automation with PowerPool at ETHGlobal Istanbul 2023

Mr FOS
PowerPool
Published in
3 min readNov 8, 2023

On November 17–19, the PowerPool team will be in Istanbul to spread the word about web3 automation and provide prizes to ETHGlobal hackathon participants

We’re excited to announce that this year, PowerPool will be part of the world-renowned ETHGlobal event in Istanbul.

From 17 to 19 November, the PowerPool team will be among the most prominent developers, entrepreneurs, and enthusiasts in the web3 sphere to collaborate and build new applications and solutions in the blockchain ecosystem.

Find us at the Gnosis Chain section, build automated projects, and win prizes from PowerPool

ETHGlobal

With a focus on community, creativity, and collaboration, ETHGlobal is helping to drive the growth and adoption of web3 technology worldwide.

Their hackathons, workshops, and other events provide a unique opportunity for participants to learn from experts in the field, connect with like-minded individuals, and showcase their projects to potential investors and partners.

The role of automation in the future of Web3

This year, the narrative for on-chain automation has become abundantly clear — the future of web3 is automated. Blockchain ecosystems are rapidly evolving, incorporating automated functionalities, and becoming ever more efficient and user-friendly.

Don’t be left behind the curve! Try building with automation in mind and the benefits will manifest themselves right away.

Limit orders, CDP management, farming strategies, AMM position management, in-protocol calculations, and many other routine on-chain operations can be easily automated and provide seamless protocol operation and an enhanced experience to their users.

Learn more about PowerAgent’s value proposition and functions here.

PowerPool’s hackathon categories and prizes

As part of the Gnosis Chain track on ETHGlobal, PowerPool has prepared a total of $7,000 in prizes for hackathon participants across two categories:

Automate DeFi Challenge

🥇 $2,000 🥈 $1,500 🥉 $1,000 4️⃣ $500 (prizes paid in $CVP)

Task: Create an on-chain strategy automatically executed by the PowerAgent v2 network using one or more execution triggers. All ideas are welcome. You can seek inspiration here.

Surprise Box Challenge

Multiple winners. Prize fund — $2000 (paid in $CVP).

Task: Create any type of project built on top of PowerAgent, or improve it that would carry considerable value for PowerPool, PowerAgent, and our community.

Note: Projects in this category must be discussed with and approved by the PowerPool team before approaching the implementation.

Azuro Challenge

🏆 $1,000 from Azuro

Task: Azuro Bet Redemption — Participants are tasked with building a service that automates claiming user’s bet winnings. The result of hacking should be a smart contract with the functionality of automatically claiming bet winnings on the user’s behalf.

Resources for a quick start with PowerAgent

To get hacking right from the beginning, you can get acquainted with the various PowerPool resources:

Installing and launching PowerAgent

Submitting a task for automation

PowerAgent Technical Documentation

Requirements

To be eligible for PowerPool prizes, you must showcase an automated project that is built on PowerAgent. Developed smart contracts must be covered by standard tests and registered as Jobs in the PowerAgent dApp. Prizes will be awarded based on project completeness, its degree of automation, and the potential benefits it can bring to the blockchain ecosystem.

About PowerPool

PowerPool is a DAO-managed protocol, focused on operating a decentralized and autonomous network for guaranteed transaction execution and off-chain computations — the PowerAgent Keeper network. Its mission is to provide all DeFi protocols, dApps, and their users with decentralized, reliable, and cost-effective smart contract automation for any kind of operations and tasks.

The PowerAgent network is launched on Gnosis Chain and will soon be available on Ethereum and other EVM-compatible chains (Polygon, BNB, NeonEVM, and others) in the near future.

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Mr FOS
PowerPool

DePIN layer powering AI Agents and DeFi automation in multichain universe. https://powerpool.finance