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1inch Challenge 2 - Arbitrage bot #59

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jesssalomon opened this issue Dec 1, 2020 · 5 comments
Open

1inch Challenge 2 - Arbitrage bot #59

jesssalomon opened this issue Dec 1, 2020 · 5 comments
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Gitcoin Gitcoin Grants R8 Hackathon

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@jesssalomon
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jesssalomon commented Dec 1, 2020

1inch Challenge 2 - Arbitrage bot

Prize Bounty

Up to 1k$ worth in CHI Token

Challenge Description

BUIDL an arbitrage bot for example with nodejs or python that uses 1inch API to fill 0x limit orders from 1inch users.
API swagger reference

Example

Find an 0x order from the Mesh network (which was created by one of our users) and fill it by using your own ETH and 1inch API to fill it and swap back into ETH with profit.

If you see limit order of swapping M XXX tokens to N YYY tokens try to:

  • Flash borrow N YYY tokens somewhere (optional, you can just use own funds)
  • Fill the order and get M XXX tokens
  • Swap M XXX orders to YYY tokens
  • Repay N YYY tokens flash loan (optional, you can just use own funds)
  • Get the rest, take gas fees into account to make profitable transactions.
  • Earn $1k (just kidding, get the bounty)

Submission Requirements

We require a working demo and a solid MVP.
The best/most creative submission will declared the winner. If you are unsure about whether your hack project suits the bounty topic please present your idea to us via our discord channel.

Please make Open-Source your project at the end of the hackathon.

Judging Criteria

Creativity and Usefulness.
We will also do a code review to ensure code quality to make the final decision.

Winner Announcement Date

Dec 10 — Workshop
Dec 24 — Submission Deadline
From Dec 25 — Judging
Jan 2 — Winners Announcement
Jan 3 — Payouts

For help: Feel free to contact us on Discord or leave a comment below.
Good success and have fun, BUIDLers!

Look at other bounties:
Github
gr8 1inch bounties list

Chat with us:
discord channel
Telegram group

@skywinder skywinder added the Gitcoin Gitcoin Grants R8 Hackathon label Dec 2, 2020
@1inch 1inch deleted a comment from gitcoinbot Dec 2, 2020
@gitcoinbot
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gitcoinbot commented Dec 2, 2020

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


This issue now has a funding of $2000.0 in CHI attached to it.

@deacix deacix changed the title 1inch Challenge 3 - Arbitrage bot 1inch Challenge 2 - Arbitrage bot Dec 3, 2020
@gitcoinbot
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Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work for 4000.0 CHI (1266.65 USD @ $0.32/CHI) has been submitted by:


@gitcoinbot
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gitcoinbot commented Dec 17, 2020

Issue Status: 1. Open 2. Started 3. Submitted 4. Done


Work for 4000.0 CHI (2032.84 USD @ $0.51/CHI) has been submitted by:

  1. @rajatbeladiya
  2. @kmadorin
  3. @mccallofthewild

@skywinder please take a look at the submitted work:


@gitcoinbot
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Issue Status: 1. Open 2. Started 3. Submitted 4. Done


The funding of 658.0 CHI (2105.60 USD @ $3.2/CHI) attached to this issue has been approved & issued to @kmadorin.

@gitcoinbot
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Issue Status: 1. Open 2. Started 3. Submitted 4. Done


The funding of 658.0 CHI (2105.60 USD @ $3.2/CHI) attached to this issue has been approved & issued to @kmadorin.

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