contest background

The biggest
Flash Loans contest

Are you a Flash Loan guru or you’re just learning about them?
Join the biggest Equalizer Flash Loan contest with a reward pool of up to $250,000 🔥

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Start date

Oct 11, 2021

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End date

Jan 11, 2022

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Pool prize

$250,000

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Guaranteed

$45,000

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To join the contest, just start using the Equalizer flash loans.

We will monitor all the activities with the Equalizer’s Vaults on the ledgers and we’ll announce the winners on our Telegram, Twitter and Medium.
Main reward
Category
Reward poolÂą
Biggest cumulative Flash Loan volume during the contest for the top three addresses
Up to $164,000
Biggest flash loan (in USD)
Up to $20,000
Biggest profit in a single transaction using Flash Loans
Up to $20,000
Guaranteed reward
Category
Reward
Integration support for five integrators ($3,000 for each)
$15,000
$100 for the first 150 Equalizer Flash Loan users
$15,000
First embedded multiple Flash Loans in a single transaction
$6,000
First profitable arbitrage
$3,000
First successful liquidation
$3,000
First successful collateral swap
$3,000
  1. The reward pool size depends on the total flash loan volume generated on the Equalizer platform during the contest. The reward pool grows linearly with the flash loan volume generated on Equalizer during the contest. The conversion rate (to USD) at the transaction time applies. The following equation for the reward pool applies: Reward pool size = $45,000 + 1/1,000,000,000 * TFLV * $205,000. TFLV is the total equalizer flash loan volume during the contest period.
Main rewards:
1. Biggest cumulative Flash Loan volume during the contest for the top three addresses² - Rewards up to $164,000
The reward depends on the total Equalizer flash loan volume generated during the contest. Three different addresses that create the largest cumulative Equalizer flash loan volume (in USD) during the contest will be awarded as follows:
  • 1st place: Largest cumulative volume receives 50% of the reward;
  • 2nd place: Second largest cumulative volume receives 30% of the reward;
  • 3rd place: Third largest cumulative volume receives 20% of the reward.
2. Biggest Flash Loan (in USD)² - Rewards up to $20,000
The reward depends on the total Equalizer flash loan volume generated during the contest. Three addresses that borrow the largest flash loans from Equalizer vaults during the contest will be awarded as follows:
  • 1st place: Biggest flash loan receives 50% of the reward;
  • 2nd place: Second biggest flash loan receives 30% of the reward;
  • 3rd place: Third biggest flash loan receives 20% of the reward.
3. Biggest profit in a single transaction using Flash Loans (in USD)² - Rewards up to $20,000
The reward depends on the total Equalizer flash loan volume generated during the contest. Three addresses that create the largest profits from Equalizer vaults during the contest will be awarded as follows:
  • 1st place: Biggest flash loan receives 50% of the reward;
  • 2nd place: Second biggest flash loan receives 30% of the reward;
  • 3rd place: Third biggest flash loan receives 20% of the reward.
Guaranteed rewards:
1. Integration support for the first five integrators - Reward of $3,000 per integrator
We offer integration support for five integrators on Ethereum and/or Binance Smart Chain. Submit the integration proposal via Discord. The proposal should contain:
  • Integration plan (which Equalizer vaults, which blockchain);
  • Your existing experience with flash loans (Github repository and/or links to transaction hashes);
  • Estimated integration cost;
  • Integration timeline (must be within the contest period);
  • A successful integration (this means there will be a longstanding usage of Equalizer Flash Loans through the integrator);
  • Integrator is an entity or project that has at least one use case that requires the usage of flash loan service.
2. First embedded multiple Flash Loans in a single transaction² - Reward of $6,000
The first successful and profitable transaction that borrows multiple Equalizer Flash Loans from different Equalizer vaults.
3. First profitable arbitrage - Reward of $3,000
First successful and profitable arbitrage using Equalizer Flash Loans.
4. First successful collateral swap - Reward of $3,000
First successful collateral swap using Equalizer Flash Loans.
5. First successful liquidation - Reward of $3,000
First successful liquidation using Equalizer Flash Loans.
6. The first 150 Equalizer Flash Loan users get $100 each
Award the first 150 Equalizer Flash Loan users (distinct addresses) each with $100 who borrow Equalizer flash loans and perform DeFi operations (arbitrage, liquidation, collateral swap).
Check out the full article on Medium.
  1. The reward pool size depends on the total flash loan volume generated on the Equalizer platform during the contest. The reward pool grows linearly with the flash loan volume generated on Equalizer during the contest. The conversion rate (to USD) at the transaction time applies. The following equation for the reward pool applies: Reward pool size = $45,000 + 1/1,000,000,000 * TFLV * $205,000. TFLV is the total equalizer flash loan volume during the contest period.
  2. Transactions MUST perform business operations (arbitrage, liquidation, collateral swap) using Equalizer Flash Loans.
Definitions:
  • Everyone can participate in the contest, without registration, by simply using any of the vaults of the Equalizer Platform to perform an eligible flash loan operation
  • Equalizer flash loan: a flash loan borrowed from the official Equalizer vaults listed on https://app.equalizer.finance
  • Equalizer platform: https://app.equalizer.finance and the related smart contracts (https://github.com/Equalizer-Finance/equalizer-smart-contracts-v1)
  • DeFi operations: arbitrage, collateral swap, liquidation
Successful DeFi operations:
  • Arbitrage: profitable arbitrage
  • Collateral swap: successful collateral swap
  • Liquidation: successful liquidation
Profitable DeFi operation:
  • A transaction or a set of them that covers the gas price and results in a profitable net amount higher than $100
Rules:
  • Everyone can participate in the contest, without registration, by simply using any of the vaults of the Equalizer Platform to perform an eligible flash loan operation
  • The contest begins on 11th October 2021 at 00:00 CET
  • The contest ends on 11th January 2022 at 23:59 CET
  • Only transactions included in blocks with timestamp within the contest period will be considered
  • Contestants can borrow Equalizer flash loans from Equalizer vaults on Ethereum and Binance Smart Chain
  • Only flash loans borrowed from Equalizer vaults listed on https://app.equalizer.finance will be considered
  • Operations that only borrow and return the Equalizer flash loans and don’t perform any profitable DeFi operation are not eligible for the contest
  • All information about the contest and winners will be published on our official social media channels
  • One address is one contestant
  • The minimum guaranteed reward pool is $45,000
  • The largest guaranteed reward pool is $250,000
  • The reward pool size depends on the total flash loan volume generated on the Equalizer platform during the contest. The reward pool grows linearly with the flash loan volume generated on Equalizer during the contest. The conversion rate (to USD) at the transaction time applies. The following equation for the reward pool applies: Reward pool size = $45,000 + 1/1 000,000,000 * TFLV * $205,000. TFLV is the total equalizer flash loan volume during the contest period
  • Rewards will be distributed after the contest ends in stablecoins (USDT/USDC/BUSD) and/or an equivalent amount of EQZ tokens
  • Rewards are paid to the winning addresses
  • We identify contestants by initiators of transactions (tx.origin) that borrow Equalizer flash loans
  • After we announce the winners, other contestants can object 5 days from the announcement on the Equalizer Telegram announcement channel (Telegram). Contestants who object must present clear proof for the objections
  • The rules are subject to change in case of extreme circumstances
  1. The reward pool size depends on the total flash loan volume generated on the Equalizer platform during the contest. The reward pool grows linearly with the flash loan volume generated on Equalizer during the contest. The conversion rate (to USD) at the transaction time applies. The following equation for the reward pool applies: Reward pool size = $45,000 + 1/1,000,000,000 * TFLV * $205,000. TFLV is the total equalizer flash loan volume during the contest period.