In June, the Arweave India community initiated a hackathon event that included training camps, team formation, project submissions, and evaluations. The top three projects selected were aoVest, FundARs, and Convergent.

Author: Kyle

Translator: Kyle

Reviewer: Xiaosong HU

Source: Content Guild Translation

Arweave India Hacker House

In June, the Arweave India community launched the Arweave India Hacker House 2.0 hackathon, kicking off with training camps and challenges. Builders formed teams of three, typically comprising two developers and one designer, and worked together under the guidance of mentors who provided lectures and project advice.

Additionally, the Arweave India community partnered with Protocol.land, a decentralized source code management and collaboration platform built on Arweave, akin to a decentralized GitHub. All projects participating in the hackathon were required to submit their source code to Protocol.land.

A panel of judges selected ten projects (comprising 30 builders) from all submissions to join the Arweave Hackers Cohort #2. These selected projects moved on to the final phase of the Arweave India Hacker House event, with a chance to win bounties.

From July 8 to 10, these developers and designers gathered in Mussoorie, India, for outdoor excursions, innovation workshops, and project showcases. The ten selected projects were:

After another round of competition, the winning projects were: aoVest (first place), FundARs (second place), and Convergent (third place), receiving $3000, $2000, and $1500, respectively.

The Three Winning Projects

First Place: aoVest

aoVest is a token vesting platform based on AO, designed to address the issue of key stakeholders prematurely selling tokens, which often leads to value decline. By implementing an automatic lock-up mechanism, aoVest ensures that token holders cannot sell their tokens within a predetermined period, thereby maintaining token value and supporting the company's long-term goals. Additionally, aoVest introduces a new standard for streaming token distribution, improving token allocation and circulation. This structured token release plan helps reduce market volatility and prevent manipulation, ensuring the stability and sustainability of the entire token ecosystem.

Users can connect their wallets, set lock-up periods and amounts, and monitor the progress of their lock-ups and wallet balance changes in real-time. aoVest plans to introduce more features in the future to enhance user experience.

🧿 Official Homepage: https://ao-vest.ar-io.net/

Second Place: FundARs

FundARs is a permissionless fundraising platform on AO and Arweave, allowing anyone to join as users or project owners, aiming to facilitate quick project funding and increase potential user benefits. For project owners within the ecosystem, FundARs provides an attractive fundraising method. Project owners can exchange user-staked $aoEth for $AO income, which helps secure funding and promote project development. For users, this means using $AO to purchase native project tokens, providing opportunities for higher economic returns.

FundARs has collaborated with several projects, including Rebel, aoVest, Sam, Saturn, BetterIDEa, and 0rbit. Users can stake their $aoEth into different collaborating projects via the FundARs platform, and view their staking status and received token amounts across these projects.

🧿 Official Homepage: fundars.arweave.net

Third Place: Convergent

Convergent is a decentralized perpetual contract exchange on AO, allowing users to trade perpetual contracts. Users can create and trade synthetic assets (such as AR tokens) on the platform, trading their prices without actually holding the assets. Convergent uses oracles to fetch asset prices, aiming to maintain real-time and accurate pricing.

The Convergent platform is user-friendly, enabling users to trade with a click and manage their positions in real-time. Convergent aims to offer an efficient, transparent trading experience, helping users trade perpetual contracts in a decentralized environment.

🧿 Official Homepage: convergent.ar-io.dev

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