Overview of Sui Liquid Staking Hackathon Finalist Projects

After more than 40 days of registration and careful selection, the finalists of the Sui liquid staking hackathon have been officially announced. Six teams from each of the two tracks have successfully advanced to the hackathon's Demo Day. Let's take a look at these outstanding projects.

Introduction of Selected Projects

liquid staking protocol track

1. Aftermath Finance: A one-stop decentralized trading platform based on Sui Move, offering CLOB settlement for spot, perpetual contracts, and options, CMMM for long-tail assets and indices, as well as built-in money market functions.

2. DegenHive: An innovative governance model that combines centralized Liquidity DEX and HiveVerse NFT, dedicated to fully unleashing the potential of $SUI on the Sui network.

3. Haedal Protocol: A liquid staking protocol based on Sui that allows users to stake $SUI to receive haSUI while participating in DeFi activities to earn additional returns.

4. Interest Protocol: A DeFi protocol that supports exchanges and lending, allowing liquidity providers to borrow Sui Dollar stablecoins using LP tokens as collateral to hedge against impermanent loss.

5. SUISA: A DeFi protocol on Sui where users can stake $SUI to obtain stSUI and use stSUI to mint NFTs.

6. Volo: A liquid staking solution on Sui that helps users maximize the utility and liquidity of SUI through voloSUI.

LST DeFi and tool track

1. Aftermath Finance: Same as the introduction above.

2. Bucket Protocol: A CDP protocol on Sui that features non-custodial, immutable, and governance-free characteristics. Users can use $SUI, $BTC, $ETH, and LST as collateral to obtain the required tokens at zero interest.

3. Desig: Provides multi-signature solutions applicable across the entire chain, compatible with all DApps on EVM and non-EVM chains.

4. Kana Labs: User-friendly applications aimed at DeFi and GameFi, committed to collaboratively building the web3 future.

5. Legato: Provides fixed rate solutions for liquid staking assets and predicts annual interest rate fluctuations on Sui. The project won first place in the Tokyo WebX Move Hackathon in July 2023.

6. Wisp Swap: A decentralized trading and prediction market on Sui, using an asymmetric concentrated liquidity DEX with automatically adjusted parameters, and employing the Ve (3,3) economic design model to predict decentralized markets.

Demo Day Presentation Details

• Time: September 29, 12:00 - 15:00 (GMT+8)
• Format: Live streaming on the official Sui YouTube channel via StreamYard
• Demonstration Process:
  • Participating teams: Each team has 10 minutes (5 minutes for presentation + 5 minutes for Q&A)
  • Sponsors: Alibaba Cloud, MoveBit, OtterSec

Review Criteria

• The jury is selected by the Sui Foundation and partners from hackathon collaborators, sponsors, and ecosystem projects.
• The score is based on preset criteria, calculating the total score after removing the highest and lowest scores.
• The standardized average review score will be used to determine the winners of each award category.
• The competition results will be announced on October 2.

This hackathon is jointly sponsored by the Sui Foundation, Alibaba Cloud, MoveBit, OtterSec, Cetus, NAVI, and Scallop.