🏆 ETHGlobal New York: Four Teams Win Building on 1inch Aqua
Four teams won prizes at ETHGlobal New York for building on 1inch Aqua during a 36-hour hackathon.
**Winners:**
- **RiverSwap** ($2,000): Auctions the right to set LP fees, with winners capturing the fee. Liquidity remains in wallets via Aqua instead of being pooled.
- **Lotus** ($2,000): A directional liquidity primitive where deposits span ascending price bins. Takers buy from the cheapest first, and proceeds cannot re-enter the market.
- **TenorFi** ($1,000): Allows traders to lock in fixed funding rates on perpetuals. Aqua pulls premiums just-in-time each hour with zero upfront collateral.
- **Ballast** ($1,000): Quotes prices as if holding more capital than actual. Uses Chainlink feeds to cap trades at fair value, protecting LPs from adverse selection.