---
tags: hackathons, tezos

title: Hackathon Gitcoin Winners DeFi
---

Here are the winners of the DeFi & Cross-chain Interoperability Hackathon hackathon!

The submissions we have received were mostly of very high quality, and showed significant dedication and work from the teams. We'd like to thank you all for taking the hackathon seriously, and delivering truly promising submissions.

We'd like to offer our congratulations to all that won a prize, for those who didn´t, stay tuned for future hackathons.

### NFT Floor Price Perps
**Prize: $7,500 in tez (XTZ)**
**Runner-up prize: $5000 in tez (XTZ)**

### *NFT Perps - Tezos*
#### First place
NFT Floor Price Perps (https://github.com/Jebq/NFT-Perp)

An NFT marketplace allowing users to lock their NFTs against tokens reflecting their NFTs collections floor price
2) An exchange where users would be able to trade on the mentioned tokens.

A detailed and convincing whitepaper, clear introspection on areas needing improvement, and professionally written smart contracts make this a promising submission, and the winner of this category.

"Repo, whitepaper, contracts;
Nice whitepaper;
Written in Ligo
Overall seems to have more work behind it"

#### Runner-up
## Neo Asset Exchange (https://github.com/Karthi1908/NAX)

Since we are excited by the ideas of the Neo Asset Exchange and long-term plans of the team, we decided to hand pout a runner-up prize. We have high hopes for the NAX and its future expansion with new derivative asset classes.

NAX - Neo Assets Exchange Neo Assets Exchange (NAX) is a decentralised exchange for trading perpetual contracts on crypto and NFT floor prices. NAX is an experimental exchange for trading perps on new/exotic assets with Tezos as transaction/settlement currency.

"Repo, contracts;
No whitepaper, but detailed README
Written in SmartPy"

### Cross-Chain Loan Mechanism
**Prize: $10,000 in tez (XTZ)**

Tezos-cross-chain-Loan (https://github.com/shreedee/tezos-cross-chain-Loan)

A cross-chain (Tezos <> EVM) mechanism for loans, with collateral on one chain, and the loan being extended on another, with automated, decentralized mechanism protecting both sides from abuse.

This project realized a working demonstration of cross-chain loans between Tezos and EVM blockchains. A comprehensive project litepaper, and a codebase showing significant work make this submission a clear winner for the category.

"Repo, Whitepaper, Code exists;
BEAUTIFUL PROJECT
A SHITTON of work went into this"

### Fractional NFT Ownership
**Prize: $7,500 in tez (XTZ)**

Raucous (https://github.com/giraffekey/raucous)

Music investment platform with fractional NFTs

"Repo, whitepaper, contracts check;
Harberger tax with bonding curve <3
Written in Rust and CameLigo <3 <3
Seems nice enough"

The Raucous project shows a high level of inventiveness and good product design, aiming to provide a solution for a specific market segment - the continued financing of artists through art tokenization. The innovative use of Haberger taxes and bonding curve issuance make this a fascinating submission, and we were happy to see that it was built in CameLigo and Rust languages, in a professionally organized codebase that seems future-proof and extensible."