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. The contest begins on the 11th of October 2021 and will remain open until the 11th of January 2022. We’ve prepared rewards for a wide range of Equalizer users and integrators. We will award
- The top three users who create the largest cumulative Equalizer flash loan volume (in USD) on the Equalizer platform during the contest
- The top three users who borrow the largest Equalizer flash loans and execute profitable DeFi operations (arbitrage, successful liquidation, successful collateral swap)
- Top three users who create the largest profit in a single transaction using Equalizer flash loan(s)
We offer integration support for five integrators on Ethereum or Binance Smart Chain.
Furthermore, we will also award users who will be
- The first to use multiple Equalizer flash loans from different vaults in a single transaction and execute a profitable DeFi operation
- The first to execute a profitable arbitrage using Equalizer flash loan
- The first to execute a successful liquidation using Equalizer flash loan
- The first to execute a successful collateral swap using Equalizer flash loan
We will also award the first 150 users who will use Equalizer flash loans for profitable DeFi operations. Detailed reward distribution is presented in the table below.
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.
*1st place 50% of the reward, 2nd place 30% of the reward, 3rd place 20% of the reward.
The reward size depends on the total flash loan volume on the Equalizer platform reached during the contest. Rewards are paid out after the competition ends.
All rewards will be transferred to the winning addresses in stablecoins and/or equivalent amounts of EQZ tokens.
Contest Terms & Conditions
Below we detail the rules of the contest.
- User: Ethereum or Binance Smart Chain address. One address is one contestant.
- 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 $100USD
- 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 2021 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 USD.
- 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 USD. 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.
There is a dedicated Discord channel from where you can get any additional details needed: https://discord.gg/Df3WuefA6z
We wish you all success! Let the contest begin!
Equalizer is the first dedicated flash loan marketplace that can handle the rising demand for DeFi lending and borrowing. It sets itself apart by offering the lowest fees and transaction costs, a virtually unlimited choice of token vaults, high liquidity through yield farming, scalable, multi-chain infrastructure, and integration friendly.