Main rewards:

1. • 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. • 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. • 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. • 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. • 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. • 3. First profitable arbitrage - Reward of $3,000
     
   • First successful and profitable arbitrage using Equalizer Flash Loans.
4. • 4. First successful collateral swap - Reward of $3,000
     
   • First successful collateral swap using Equalizer Flash Loans.
5. • 5. First successful liquidation - Reward of $3,000
     
   • First successful liquidation using Equalizer Flash Loans.
6. • 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.

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