PancakeSwap

Dynamic

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USDC

PancakeSwap&nbsp;<a style="text-decoration:none" href="https://blog.pancakeswap.finance/articles/announcing-the-v4-hookathon-pancake-swap-x-brevis-hackathon" rel="noopener noreferrer nofollow">announced</a> the launch of its "v4 Hookathon" as part of its $500K Developer Program. This hackathon invites developers to innovate and build within the PancakeSwap v4 ecosystem using the Brevis ZK-Coprocessor.&nbsp;
With a prize pool of $40,000, the competition aims to push the boundaries of decentralized finance (DeFi) by enhancing functionality and addressing challenges within the PancakeSwap v4 platform.
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The primary goal is to create Hooks—customizable smart contracts integrated with liquidity pools that execute predefined logic before or after key actions such as swaps and position modifications.&nbsp;
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Participants can leverage the Brevis ZK-Coprocessor to develop Hooks that provide advanced features, including dynamic fees and impermanent loss mitigation.
<h2 dir="ltr" id="span-span-what-is-brevis-zk-compressor-span-span">What is Brevis zk-Compressor?</h2>
The Brevis ZK-Coprocessor is a smart contract enhancement tool that brings advanced capabilities to blockchain applications.
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It allows developers to query and analyze historical on-chain data from any blockchain while maintaining trustlessness. This reportedly enables the creation of sophisticated solutions such as loyalty programs, exclusive access pools, and improved liquidity management.
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PancakeSwap v4 supports Hooks, which enhance the customization of liquidity pools. These Hooks can implement a range of features, including:
<ul>
 <li>Dynamic Fees: Adjust fees based on market conditions.</li>
 <li>Active Liquidity Management: Enable protocols to adapt their liquidity strategies dynamically.</li>
 <li>Impermanent Loss Mitigation: Reduce risks associated with price fluctuations.</li>
 <li>Custom Incentives: Implement reward mechanisms tailored to specific user behaviors.</li>
</ul>
<h2 dir="ltr" id="span-span-hackathon-details-and-potential-ideas-span-span">Hackathon Details and Potential Ideas</h2>
The v4 Hookathon offers a single open track, encouraging diverse and creative solutions. Participants are invited to tackle existing pain points within the PancakeSwap ecosystem.&nbsp;
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Potential ideas include Liquidity Incentivization mechanisms, Active Liquidity Manager protocol, Market-Making Bot, Exclusive-Access Pools, KYC-Enabled Pools and Yield Manager Protocol.
<h2 dir="ltr" id="span-span-prize-distribution-span-span">Prize Distribution</h2>
The prize pool of $40,000 will be distributed as follows:
<ul>
 <li>1st Prize: $12,000</li>
 <li>2nd Prize: $10,000</li>
 <li>3rd Prize: $8,000</li>
 <li>4th Prize: $6,000</li>
 <li>5th Prize: $4,000</li>
</ul>
Prizes will be awarded in USDC on the BNB Chain and distributed within four weeks of the hackathon's conclusion.
<h2 dir="ltr" id="span-span-key-dates-span-span">Key Dates</h2>
<ul>
 <li>Registration Opens: September 2, 12 PM UTC</li>
 <li>Opening Ceremony: September 4, 12 PM UTC, hosted on DoraHacks YT</li>
 <li>v4 Hook Creation Workshop: September 9, 12 PM UTC, hosted on DoraHacks YT</li>
 <li>Submissions Close: September 30, 12 PM UTC</li>
 <li>Finalist Announcement: October 7, 12 PM UTC</li>
 <li>Finalist Demos: October 10-17, 12 PM UTC (Online)</li>
 <li>Winners Announcement: October 24, 12 PM UTC</li>
 <li>Hackathon Winners AMA: October 28 - November 1, 12 PM UTC</li>
</ul>
<h2 dir="ltr" id="span-span-looking-ahead-span-span">Looking Ahead</h2>
The v4 Hookathon is part of PancakeSwap's broader&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/pancake-swap-unveils-q3-roadmap-launch-of-v4-and-new-features" rel="noopener noreferrer nofollow">roadmap for Q3 2024</a>, which includes the highly anticipated launch of PancakeSwap V4. This upgrade promises improved trading functionalities, a new Web3 quest platform, expanded veCAKE token model, and enhancements to its gaming marketplace.&nbsp;

PancakeSwap Launches "v4 Hookathon" to Enhance v4 Functionality

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