Gnosis Conditional Token Framework Bounty For Gitcoin Grants R8 Hackathon #28
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Issue Status: 1. Open 2. Started 3. Submitted 4. Done This issue now has a funding of 3000.0 DAI (3000.0 USD @ $1.0/DAI) attached to it.
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I notify that I have already accomplished my https://gitcoin.co/hackathon/gr8/projects/3894/shared-set-of-conditions project, except of that I did no testing yet and documentation comments are not yet finished. |
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Issue Status: 1. Open 2. Started 3. Submitted 4. Done Work for 3000.0 DAI (3000.0 USD @ $1.0/DAI) has been submitted by:
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Issue Status: 1. Open 2. Started 3. Submitted 4. Done Work for 3000.0 DAI (3000.00 USD @ $1.0/DAI) has been submitted by: @Graeme-Code please take a look at the submitted work:
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Issue Status: 1. Open 2. Started 3. Submitted 4. Done The funding of 3000.0 DAI (3000.00 USD @ $1.0/DAI) attached to this issue has been approved & issued to @abdullathedruid.
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Gnosis Conditional Token Bounty For Gitcoin Grants R8 Hackathon!!!
Prizes
1st Prize - 2000 Dai
2nd Prize - 1000 Dai
Conditional Token Bonus:
Every team which applies to work on the conditional token project after the first week of the hackathon will receive conditional tokens which are redeemable DAI under the following conditions:
If the team wins the 1st prize, they will be able to redeem conditional tokens for 500 Dai and if the winning submission uses the “split from position functionality of conditional tokens” they may also be redeemed for 500 Dai.
If the team wins 2nd place, they will be able to redeem conditional tokens for 250 Dai and if the winning submission uses the “split from position functionality of conditional tokens” they may also be redeemed for 250 Dai.
GECO Grants
We love great hackathon projects and want to support you in finding interesting applications with the Conditional Token Framework. Our previous hackathon winner was granted a GECO grant to build out his winning submission. So if you find yourself winning first or second place or just have a submission that you would take further, we have GECO grants to support you :)
Challenge
Quick Primer
The Conditional Tokens Frameworks enable tokenized logic (if this then that) where the value of a token depends on the outcome of some event (as reported by an oracle). These tokens can be combined to form tokens whose value is contingent on arbitrarily complex logic; if a and [b or c], then 💲, else 💩.
One obvious use-case for conditional tokens is to build prediction markets, like Omen and Polymarket. But as primitive, conditional tokens enable so much more.
Not sure where to start? Here are some ideas.
Futarchy
A governance mechanism in which members agree upon a success metric that can translate directly to the policy via prediction markets optimizing for this outcome. To read more about how this can function in the context of DAOs, see Martin Koeppelman’s writings on a Minimum Viable Futarchy DAO and how predictions are a fundamental element of holographic consensus, and our prior Fork the World Hackathon Bounty.
Agentless escrow
An automated escrow substitute for entities splitting collateral in a project’s address, in which a “yes” outcome triggers token payout by both. This concept can be applied to use cases like:
Insurance payments in which the outcome trigger would be the event (car crash, home break-in, health crisis) that requires insurance payment of a certain amount
Crowdfunding, where there is a set funding goal and pledged entities payout when that goal is reached (like the mechanism formerly used by Tilt)
Milestone-based payments for scenarios like developer grants, design projects or even home renovations, in which payment is contingent on successful completion of tasks according to specific metrics as verifiable by oracle. Check out the winner of Gnosis's ETHOnline bounty as an example.
Options contracts in which selling of an asset to the buyer is automated when the asset reaches a certain price, or revocable according to set conditions
Conditional token vesting when performance conditions are met
Choose your own adventure game with new levels unlocked when the conditions of a determined end state are reached for each level, as described in Garden of Forking Paths: A game built on conditional tokens
Submission Requirements
Do something cool with the conditional token framework.
Bonus reward if your submission wins first or second place if you use combinatorial positions which are derived from two or more conditions.
Judging Criteria
At this hackathon, we want to see people push the envelope and explore the whole design space for conditional tokens.
We’ll award this prize to the projects that best meet the following criteria:
Winner Announcement Date
In order to be eligible for the conditional token bonus prizes, please apply to work on this bounty by the 10th of December. To be eligible for the prizes, please submit submission requirements by the end of the Gitcoin GR8 hackathon on the 16th of December. We will announce the winner by Friday the 18th of December.
Resources
Conditional Tokens Developer Documentation
Conditional Token Framework Contracts
In Depth Conditional Token Tutorial
Jump into the prediction markets channel on Gnosis discord, we happy to answer any questions, technical or otherwise.
Alan Lu’s ETH Denver Futarchy Hackathon project
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