DevCon Bogata ETH Global Hackathon Sponsorship Proposal

Abstract

DevCon is the largest Ethereum developer conference this year organised by Ethereum Foundation. The hackathon will be organised by ETHGlobal, attracting hundreds of builders and teams to build projects for the Ethereum ecosystem.

We would like to propose sponsoring the hackathon in Bogatá as it’s the perfect opportunity to find builders for our ecosystem’s needs, offer grants, and build awareness of SSV. We will be sending 6 SSV team members to Bogatá to assist the organisation of the hackathon and expand SSV’s connections.

Introduction to the ETHBogatá Hackathon:

ETHBogata Hackathon Website 3

ETHGlobal is the world’s largest Web3 developer community. They have facilitated over 20 hackathons with global attendees from over 100 countries, been joined by 30,000 technical attendees, and reached over 250,000.

The sponsorship tiers are as follows:

Proposal Details

We propose that the DAO signs either the Pillar ($35,000) or the Presenter ($50,000) sponsorship package. These should give us the best return on investment - maximum reach to developers, a pipeline for the grants programme, increase SSV’s brand awareness and potentially even come up with new exciting and innovative directions that we haven’t thought of.

The main portion of the hackathon prize will be dedicated to areas that Grant’s committee deems a priority, including but not limited to:

A. ‘Testnet V2’ based staking pool implementations:

1. Key generation and distribution to key shares
2. Validator activation (beacon chain deposit & ssv.network registration) & management
3. stETH minting and redemptions
4. Basic UI

B. Web2signer adapter for integration to an SSV node An adapter that can be installed on the same machine as the Web3signer

1. Sync operator’s validators event from contract
2. Required configuration files generation for validators shares from events according to web3signer documentation
3. Load the configuration to web3signer Or, anything else that the budding builders can think of!

Who’s in the event team?

There will be a total of 6 SSV team members in Bogatá:

2 DMarketing team members going to DevCon – Shad and SuperPat, alongside 4 Blox team members – Ariel (CTO) and 2 developers and Matty, leading the BizDev.

Budget

The hackathon sponsorship will cost $35,000 or $50,000 depending on which option the DAO decides to go after.

Hackathon sponsorship: $35,000/$50,000 Hackathon prizes: $10,000 Booth and Merch: $5,000 SSV Dinner/Socials at Bogatá: $1,500 Flights and accommodations: (covered by Blox <3) Total budget: $51,500/$66,500

It’s worth mentioning that the budget requested here is a generous estimation of the total expenditure covering any potential rainy-day expenses, it is possible that not all funds will be spent during Bogatá. Any unused funds will be returned to the DAO after the conference.

We request the budget from the DAO’s multi-sig treasury and will work with them on reporting.

For

• This is a ‘cost-effective’ way to create a funnel of builders.
• It’ll be great to get hands-on with the types of people.
• We start to make a direct and personable impact in the ETH ecosystem.
• SSV will get a bunch of social buzz and marketing from the event.
• We may find solutions we haven’t thought of!
• More people to battle test the testnet!

Against

• There is always opportunity cost against spending this on our own Hackathon-type events or direct grant expenditures.
• There is always a risk of failure, such that our challenges aren’t interesting and don’t gain attention, or none of the solutions provides what we deem to be valuable.
• There is reputational risk if we don’t give prizes and bonuses because we don’t deem the solutions of reasonable value, whereby we may give out prizes to avoid ‘Bad PR’.