**Update: Contest is now closed and not accepting any new entries. Further updates will be provided shortly.**

I am pleased to announce [DeFi Campus](https://peakd.com/c/hive-116367) inaugural writing contest in collaboration and sponsored by the [Project HOPE](https://peakd.com/c/hive-175254) and [HODL](https://peakd.com/c/hive-126009) communities! Without further ado, let me jump into the details.

<center>![DeFi Campus Writing Contest #1](https://files.peakd.com/file/peakd-hive/culgin/un2zWuNm-image.png)</center>

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### Contest Topic

Write a post of **at least 350 words** with the following topic,

##### <center>**What is DeFi and how is it different from traditional finance?**</center>

A few ideas to get you started,
- Read some of the older posts in [DeFi Campus](https://peakd.com/c/hive-116367).
- Head over to [DeFi Prime](https://defiprime.com/), take a look a few projects and understand what problems they are trying to solve.
- Share some of your DeFi experience if any.

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### Entry Submission Date and Rules

Your entry **must**:
- Be submitted between **20th June 2020, 11AM and 24th June 2020, 11AM (Singapore Time, UTC+8)**;
- Contain the #defi-campus-contest and #defi tag;
- Be posted to either [DeFi Campus](https://peakd.com/c/hive-116367) OR [Project HOPE](https://peakd.com/c/hive-175254) OR [HODL](https://peakd.com/c/hive-126009) community;
- Be at least 350 words (only content body will be counted);
- Be reasonably original (no plagiarism).

You can leave a comment here with your entry to help us find your post.

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### Judges and Judging Criteria

@vlemon and myself (@culgin) will be the judges for this contest. We will be judging based on the following criteria:
- Originality
- Fluency
- Ability to grasp/convey the idea of DeFi
- Bonus: Active participation by commenting and supporting (rehive & voting for) other entries

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### Prizes and Rewards

Liquid HIVE rewards:
- 1st place = **15 HIVE**
- 2nd place = **10 HIVE**
- 3rd place = **5 HIVE**

In addition, top 3 entries will also receive full upvotes from [Project HOPE](https://peakd.com/c/hive-175254) and [HODL](https://peakd.com/c/hive-126009) with a **total worth of approximately $5 - $10 (which should translate to about 10 - 20 HIVE of author rewards)**!

Participation rewards:
- First 30 entries that are submitted (chronologically) will be rewarded with 1 HIVE each
- If there are less than 30 entries in total, Hivers who re-hive this contest post will get a chance to win 1 HIVE through a random lucky draw. 

![Yes, everyone get a chance to win HIVE](https://files.peakd.com/file/peakd-hive/culgin/XIfXZXHJ-45qnrh.gif)

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Leave a comment to this announcement post if you have any further questions. Thanks and I look forward to your participation 😁

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<center>***This article is created on the [Hive blockchain](https://hive.io/), an immutable and censorship-resistant content platform.
5% of post rewards goes to @peakd to support this amazing project and the remaining goes to @defi.campus to support the [community](https://peakd.com/c/hive-116367/created).***</center>

<center>![](https://files.peakd.com/file/peakd-hive/zord189/04jeC9SH-culgin.gif)</center>