Pharos Network and HackQuest Launch $300K Builder Program to Advance RWA and DeFi Development
Singapore, Singapore, March 24th, 2025, Chainwire
Pharos Network, an ultra-high-performance, EVM-compatible Layer 1 blockchain that is focused on building RWAfi and enterprise-grade DeFi, has partnered with HackQuest, a Web3 developer education platform, to launch the $300K Pharos Builder Base Camp.
Pharos and HackQuest are combining Pharos’s advanced blockchain technology and cross-chain interoperability with HackQuest’s developer engagement expertise to create a program that bridges Traditional Finance (TradFi) and Decentralized Finance (DeFi). Participants will access Pharos’ Special Processing Networks, native restacking, and high-speed execution frameworks, along with a $300K prize pool and mentorship from industry leaders. This combination of financial support and expert mentorship aims to create an ideal environment for builders to unlock new opportunities for financial inclusion, scalability, and market expansion.
The $300K Pharos Builder Base Camp
The partnership between Pharos and HackQuest creates a powerful launchpad for the next wave of financial innovation by combining Pharos’s modular, scalable infrastructure with HackQuest’s proven builder engagement model to accelerate development at the intersection of traditional finance and Web3.
The program kicks off on March 10, 2025, following the public testnet launch, and runs through May 15, 2025, culminating in a Demo Day that showcases the most promising projects. Structured into four key phases to provide comprehensive support throughout the development journey, the program begins with an onboarding and kick-off phase that includes team formation, idea brainstorming sessions, and weekly mentoring office hours. This is followed by a lecture series & hands-on workshop phase offering deep dives into Pharos Network’s technical architecture and practical building workshops. The building & testing phase explores contract standards for RWA, TradFi, and DeFi, augmented by extensive support through offline Base Camps in India, China, and Vietnam, and includes sessions on business models and institutional adoption. The journey concludes with a final phase where teams present their innovations to a distinguished panel of judges and the community.
To further support builders, the Base Camp features a comprehensive prize pool of $300,000, distributed across four specialized tracks—RWA & Payments Track ($125,000), DeFi Track ($100,000), Open Innovation Track ($50,000), and Tooling & Infrastructure Track ($25,000)—with prize allocations of 70% in stablecoin upon testnet deployment and 30% in Pharos tokens after reaching production on Mainnet.
Projects will be evaluated based on team expertise and capability, ecosystem contribution to Pharos, business model feasibility, marketing and community engagement, resourcefulness, and overall innovation and impact, ensuring a holistic evaluation that recognizes both technical excellence and market potential.
Advanced Technology, Expert Support & Global Resources
The program offers participants hands-on experience with Pharos’s cutting-edge capabilities, including L1-Base for high-performance data availability with hardware acceleration, L1-Core for decentralized high-throughput transactions with subsecond finality, and L1-Extension for enabling Special Processing Networks and native restacking to expand financial applications seamlessly. Complementing these features, the Pharos Virtual Machine is optimized for parallel transaction execution, merklization, and indexing for rapid asset transactions, while full lifecycle asynchronous pipelining enhances overall efficiency. Pharos Network further supports complex financial applications through its Decentralized Data Exchange Protocol, Adaptive Restaking Interaction Protocol, and SPN-Native Restaking, ensuring that builders can develop scalable, regulatory-compliant, and high-performance solutions.
In addition to this advanced technology, the program is backed by an exceptional panel of industry experts, including Alex (CEO & Co-Founder at Pharos), Wishlonger (CTO & Co-Founder at Pharos), Ethan (Engineering Head at Pharos); Janesh (Developer Relations Lead at Pharos); Aliu (Europe Ecosystem Lead at Pharos); Wilguish (APAC Ecosystem Lead at Pharos), and along with other notable professionals providing diverse insights during the program. Localized Developer Tour Stations across the globe, such as in China, India, and Vietnam, further extend the program’s global reach. More events will be announced in the coming weeks, offering additional workshops, networking opportunities, and technical sessions to enhance the Base Camp experience for all participants.
Looking Ahead
The Pharos Builder Base Camp welcomes participants from across the world, inviting diverse perspectives and innovative solutions to reshape the financial ecosystem. The parallel execution and specialized processing networks of Pharos ensure that real-world financial applications remain scalable, efficient, and user-friendly. By integrating TradFi and DeFi, participants will explore the tokenization of RWAs, cross-chain payments, and decentralized finance innovations within Pharos’s modular and composable ecosystem.
For more information about the Pharos Builder Base Camp and registration details, users can join the Telegram community to stay updated.
About Pharos Network
Pharos is a full-stack parallel blockchain, that pushes the boundaries of decentralized innovation. With hyper-parallelism across consensus, execution, storage, and heterogeneous hardware, Pharos delivers unparalleled scalability and performance, enabling a decentralized real-time payment network for global access.
Pharos is committed to bridging existing FinTech services with trustless Web3 innovations, to onboard billions of new users and real-world assets into the Web3 ecosystem.
For more information, users can visit https://pharosnetwork.xyz/.
About HackQuest
HackQuest is a free, one-stop, self-guided developer education platform. HackQuest offers expert-curated learning paths with on-chain certificates co-issued by leading Web3 ecosystems including Mantle, Solana, Arbitrum, Linea, Sui, and 20+ more leading ecosystems. Community builders are supported beyond through co-learning camps, meet-ups, hackathons, and accelerator services.
For more information, users can visit hackquest.io.