BNB Chain Incentivizes Innovation with Revelation Bounties

Two bounties for two prominent protocols on BNB Chain are the latest developments from the massive hackathon.

Revelation Bounties to Boost Ecosystem

The Revelation Hackathon has produced two unique bounties for Venus Protocol and ApeSwap to integrate new features on both platforms. 

The bounties were announced on April 10 via Twitter by BNB Chain. The Venus Protocol bounty has a price of $15,000 USD, while the ApeSwap opportunity offers $4,000 USD to whoever can complete the requested task. Each bounty has its own specifications and will require the bounty hunter to create a unique integration to qualify. The bounties each look to have custom features created. 

Bounty Requirements 

Venus: Integrate the borrowing and lending capabilities of Venus with a BNB Chain decentralized exchange (DEX) to enable more financial use cases and create a new feature on Venus by integrating an external DEX’s contracts.

ApeSwap: Add a BANANA burn mechanic to an existing Decentralized Application (dApp) or create a new dApp that assists in the process of burning BANANA.

Source

ApeSwap is in search of further deflationary help and the Venus Protocol looks to expand its already vast reach as one of the largest borrowing and lending protocols across several chains. Bounties often act as a way to help increase the features and the Revelation Hackathon from BNB Chain is a prime location to solicit such a request. The Revelation Hackathon is running for over 50 days and is uniquely positioned to help grow the reach and exposure of projects on the BNB Chain. 

What is ApeSwap? 

ApeSwap is a leading DEX on the BSC, which offers users the best trading experience. ApeSwap is a blend of a decentralized exchange, yield farming, staking, and an automated market maker (AMM). ApeSwap users are urged to partake in its liquidity pool offerings via yield farming to earn its native BANANA token. What’s more, these earned tokens can be used to stake and earn other tokens and unlock deluxe features. 

For more information about ApeSwap, visit the platform’s media links: 

Website | Twitter | Medium | Telegram

What is Venus Protocol?

Venus Protocol is a decentralized marketplace for lenders and borrowers with borderless stablecoin. Venus is one of the largest algorithmic money market and synthetic stablecoin protocols on Binance Smart Chain. The Binance-backed protocol became famous around the DeFi following their hint of a massive incoming burn by founder Joselito and its Venus Reward Token VRT rewards for XVS token holders.

To learn more about Venus Protocol, see the following resources:

Website | Twitter | Telegram | Medium 

Source : bsc.news

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