Wormhole Deep Dive
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Wormhole Deep Dive

Deadline: November 5th, 11:00pm IST

About the Bounty

Wormhole is a decentralized, universal message-passing protocol that connects to multiple blockchains. In simple terms Wormhole allows different blockchains to communicate with each other. It addresses two of the main problems that plague blockchains today:

  • Tokens are hard to move between blockchains without relying on centralized exchanges for bridging and swapping tokens. However, this means users are subject to counterparty risk.
  • Decentralized applications (DApps) and smart contracts on different blockchains cannot communicate with each other, making interoperability between chains difficult to achieve.

Wormhole solves this by monitoring several chains for messages emitted by smart contracts on those chains. This is achieved through the Wormhole Core Layer & enables cross-chain communication protocols like token and NFT bridges, cross-chain oracles and other messaging applications that would not operate without Wormhole's infrastructure.

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Your Mission: Become an expert on Wormhole and summarise your findings in a written essay . Highlight projects that are using wormhole today & explain the impact of cross-chain capabilities on their product/protocol. Include ideas of existing projects or potential use cases that can be improved with wormhole’s suite of cross-chain capabilities. Summarise the competitive landscape including threat & opportunities for wormhole. You're welcome to write this review individually or in teams of 2. Bounties will be split among team members.

Rewards

🥇 First Prize:

  • $1000 USDC
  • Syndication in our newsletter and social media
  • You’ll be added as a Contributor in Superteam

🥈 Second Prize

  • $300 USDC

🥉 Third Prize

  • $200 USDC

Evaluation Criteria

  • Depth
    • Did you explore the background of the project?
    • Does your essay talk about the key features of the project?
    • Is your essay the one-stop-resource for people to get up to speed with this project?
    • Did you learn everything there is to know about the project?
    • Did you take screenshots, provide a step by step guide to onboarding, and clearly articulate the value the project offers?
    • Did you join the project’s Discord and get a feel for the community?
    • Did you try the competition and explain relative pros/cons of this project?
  • Writing Style
    • Did you write a compelling introduction and a satisfying conclusion?
    • Is your writing easy and fun to read?
    • Did you avoid overly complex jargon?
    • Did you explain concepts in a way a person new to crypto could understand?
  • Submission Requirements
    • Did you write your essay in English?
    • Is your submission at least 1,000 words? Note that typical bounty winners are ~2,000 words.
    • Did you submit before the deadline? Note: there will be no deadline extensions.
    • Did you include links to your sources under the title “References”? If you have used external sources and no references are included, your bounty could be rejected on grounds of plagiarism.
    • Kindly test your submission for plagiarism. If the submission contains more than 5% plagiarised content, your submission will be rejected. Regular offenders can also be disqualified from participating in the bounty program going forward.
    • Share your submission on Twitter & tag @superteamdao + @Wormholecrypto & use the hashtag #Superteambounty and submit this link in your bounty application.

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Check out previous bounty winners to get a sense of the quality we expect.

Resources

Participation in this bounty is entirely voluntary. Bounties are a way to learn and dabble in opportunities to build in web3. These are neither full time jobs nor project based engagement. Please be advised that the sponsors will not have time for individualized feedback due to the number of entries we receive. Please check out

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About Superteam

We help the most promising projects in the Solana ecosystem launch and grow. We are organised as a co-operative of creatives and operators who are experienced in launching and growing technology businesses. Our mission is to bring the benefits of the ownership economy to the creative class (rent your time for tokens, not dollars) while creating flexible and remote work opportunities for all members.