The Biggest DeFi Flash Loan Contest Ever

The flash loan market is exponentially increasing, reaching more than $1B volume monthly. This growth comes from the fact that flash loan service is a need in the Decentralized Finance market for many use cases as arbitrage, liquidations, collateral swapping, and portfolio re-balancing. As long as the DeFi market is expanding in volume the flash loan need will expand as well.

There are no intermediaries in the DeFi market and many crypto assets are used in different protocols and pools. This creates an unbalanced asset valuation between different protocols. DeFi traders, arbitrageurs and developers can spot many opportunities when they look to the same asset present in different protocols/pools. To get profit out of these opportunities without providing any collateral, a user needs to execute an inter-protocol transaction and use the flash loan service.

Equalizer Finance is the first dedicated marketplace to offer the most efficient flash loan service in the market. With a multi-chain native architecture, Equalizer has just been released on the Ethereum and Binance Smart Chain, bringing many advantages compared to other players in the market. The top benefits for borrowers are summarized here:

Equalizer Flash Loan benefits

To celebrate this achievement and to boost the adoption of the platform, we’ve launched the biggest DeFi 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

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

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.

Definitions:

Successful DeFi operations:

  • Arbitrage: profitable arbitrage

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

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

There is a dedicated Discord channel from where you can get any additional details needed.

We wish you all success! Let the contest begin!

About Equalizer

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.

Website | Medium | Twitter | Telegram | Telegram Announcement | Youtube | Discord

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The first dedicated platform that equalizes the decentralized markets. Specially designed as a marketplace for uncollateralized flash loans.

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Equalizer Finance

The first dedicated platform that equalizes the decentralized markets. Specially designed as a marketplace for uncollateralized flash loans.