Hackathon

We won the 1st place in Sonic S-tier Global Hackathon (August-September 2025).

ℹ️ INFO

This is an archived page referring to where Pennysia protocol started. It does not represent the current protocol development, but only display as a mark of history.

Information below contains all the necessary links to the hackathon and our first MVP.

All Hackathon Winners

The announcement link to showcase all winners, link here.

Pennysia 1st place

The separate announcement for Pennysia winning the 1st place, link here.

Project Submission

Our Hackathon project submission was built on Dorahacks, link here.

Explainer Video + Demo

The video explains the overview of Pennysia's LPM, how it works, its performace, demo, and its distuptive potentials.

Demo-Only Video

This video only shows the demo of how to interact with Pennysia web application.

Archived Backtest

Pennysia' backtest using 4 years of historical data (2021-2024), demonstrates Pennysia's clear financial edge over Uniswap V2 and traditional XYK models. With LPM, correct predictions earn double trading fees, specifically designed to offset impermanent loss (IL). This led to substantially higher returns, especially in trending and volatile markets. Our analysis shows Pennysia can offer APRs over 100% when predictions are correct, significantly outperforming Uniswap V2's typical 71%.

ℹ️ INFO

This backtest is no longer valid with the current version of LPM. This test assumes an equal amount of liquiidty on all directions.