Announcing Shield Attending Gitcoin Hackathon GR12

Shield Official
3 min readNov 30, 2021


Join Shield workshop taking place at 12 pm EST on December 3rd!

Shield is positioned as a decentralized derivatives infrastructure and users will be able to trade various derivatives products developed on top of it, including perpetual options, perpetual swaps, and structure products. Now we’re one step closer to the mission- partner with Gitcoin to launch bounty for structured products built on Shield protocol.

Gitcoin is a community of builders, creators, and protocols at the center of the open web ecosystem. So far the platform has $39,9M funded to open source, 312K monthly active developers, and 1.92K projects created. More importantly, Gitcoin’s biggest quarterly event is kicking off on December 1st and running through December 16th, 2021 and Shield will be attending.


$10,000 in SLD split to contributors

Key challenge

1 — Build structured product on top of Shield protocol

The derivatives market is known as highly risky and complex. How to service such retail traders in crypto when they access these sophisticated derivatives products has been one of the Shield’s initiatives to start the journey. Structured products enable non-professional users to earn yield in a simple manner and Shield protocol is the ideal tool to build. Take Ribbon as an example, they utilized automated options strategies to generate yield for users and bring strong liquidity to OPYN protocol. We’re excited to see your answer.

You can refer to Shield structured product description and workflow here. This document details the following:

  1. Vault workflow
  2. How to participate in a vault (user perspective)
  3. How to launch a vault (issuer perspective)
  4. Vault frontend & backend structure

2 — Marketing

We’re seeking more Shielders to expand the Shield ecosystem. Anything that focuses on explaining Shield and how it works, as well as spreading the word to the community is welcomed. This might vary from design, Shield meme to content creation, Youtube video, etc.

Submission requirements

  • All submissions, including code, must be open-source for the community reference and future use cases, and links must be included in the Github repo submission.
  • We’ll need a demo of the submission, in the best-case scenario: Explainer & Walkthrough Video

Judging criteria

Prizes will be given to individuals who deliver the best solution while aligning to the challenge description. Each application will be evaluated on its own merits, with a minimum standard of quality and features provided. Work must be of sufficient quality and meet the judge’s expectations in order to receive a prize. Any/all awards are subject to final approval by the Shield team.

Winner announcement date

Shield will evaluate all submissions until the end of Gitcoin12 Hackathon. All winners will be announced and paid out at once.






Don’t hesitate to reach out to us on Discord and we’re happy to discuss any potential product ideas over there.

Useful link for GR12

1-We encourage everyone to participate in the Shield workshop taking place at 12:00 pm EST on December 3rd. We will walk through how Shield protocol functions as a fundamental layer as well as demonstrate a detailed explanation of the structured product's workflow.

2-Gitcoin will be hosting the GR12 Kick-Off event at 10:00 am MST on Wednesday, December 1st. Core Gitcoin contributors will present alongside key partners to celebrate the beginning of GR12 and showcase the many improvements they’re making to their flagship grants offering!

3-Check out the Shield bounty on Github

4-Visit the Gitcoin GR12 onboard page

Builders, enjoy Hacking!

About Gitcoin

Gitcoin is on a mission to build an internet that is open source, collaborative and economically empowering. Gitcoin is creating community and infrastructure for Web 3 — a diverse range of tools, technologies, and networks that enable people to work for the open internet. By funding projects, building community, and making learning resources accessible, Gitcoin is teaming up to create the digital public infrastructure of tomorrow.

About Shield

Shield is building a one-of-a-kind decentralized protocol based on a fully non-cooperative game for future derivatives infrastructure, enabling global borderless access to finance. Perpetual Options is our first innovative long-term on-chain option without the effort, risk, or expense of rolling positions built on Shield protocol.

To ensure that you don’t miss out on the latest developments, stay connected with Shield on Twitter, Medium, Discord, and Telegram.



Shield Official

Unleash the potential of your ETH staking with Staking Vault - the ultimate platform for effortless staking and optimal returns.