Harmony announces $1M hackathon aimed at merging traditional finance and DeFi

Harmony announces $1M hackathon aimed at merging traditional finance and DeFi


The Harmony blockchain has opened registration for a hackathon starting next month with more than $1 million in seed funding and prizes for participants.

In a Thursday announcement on Twitter, Harmony said the hackathon would be focused on bringing in more people from traditional finance for challenges bridging their fields and decentralized finance. The protocol said there would be four challenges in each category of social wallets and keyless security, cross-chain and trustless bridges, and cross-border with fintech integration.

“In blockchain, finance is where we are seeing product market fit,” said Harmony. “But most of DeFi was created by people who didn’t come from traditional finance. We want to bring more TradFi in to contribute to DeFi. We know they have much to teach us and we can help them understand and harness the power of DeFi and teach them a lot as well.”

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SushiSwap core developer Omakase is listed as one of the featured speakers or judges for the event, alongside

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