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Introducing the Build-A-Bear Hackathon 🧸
Up to $1M in vault TVL seed funding (and more) in prizes.
Build a vault. Beat the bear.
Here’s everything you need to know ↓
We’re hosting a private Build-A-Bear Demo Day!
10 shortlisted teams will pitch vault strategies spanning market-neutral yield, structured products, and RWAs — built to handle real capital.
Date: Monday, 4th May 2026
Time: 3 PM UTC
Venue: Virtual
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Now for the Honorable Mentions.
While they didn’t place in the Main Track seeding, these teams still shipped standout work and pushed Solana vaults forward.
Honorable Mentions:
PiggyBank: A multi-strategy yield vault that combines delta-neutral arbitrage and market-neutral trading to generate returns across changing market conditions.
Ranger Sovereign Vault: A crypto-native reserve vault designed to preserve capital while compounding yield through actively managed stablecoin deployment.
Dawn Vault: A yield vault focused on earning sustainable returns through automated stablecoin strategies with capital preservation in mind.
Huge respect to every team that shipped. More post-hackathon updates soon.
View all submissions here: https://t.co/FLPXSCt2vi
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The Build-A-Bear Hackathon has concluded 🧸
Teams were given one task: build production-ready vault strategies that can ship on @solana, handle real capital, and compete for up to $1,000,000 in vault TVL seeding.
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🥉 3rd Place — Options Sentiment Optimizer Vault
A USDC vault that keeps most capital in lending while using options-flow signals to trade BTC perps with a capped risk sleeve.
Watch their demo: https://t.co/QvklRqA6iK
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Introducing the Build-A-Bear Hackathon 🧸
Up to $1M in vault TVL seed funding (and more) in prizes.
Build a vault. Beat the bear.
Here’s everything you need to know ↓
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Introducing the Build-A-Bear Hackathon 🧸
Up to $1M in vault TVL seed funding (and more) in prizes.
Build a vault. Beat the bear.
Here’s everything you need to know ↓
We’ve also removed the Drift Side Track due to recent security events.
To keep the hackathon consistent and production-focused, Drift-based strategies will not be eligible for prizes or TVL seeding.
Find out more: https://t.co/eQR4WEUmCZ
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Introducing the Build-A-Bear Hackathon 🧸
Up to $1M in vault TVL seed funding (and more) in prizes.
Build a vault. Beat the bear.
Here’s everything you need to know ↓
Drift Protocol suffered a major exploit resulting in hundreds of millions drained from the platform. Four vaults with allocations to Drift-based strategies were impacted.
Affected Vaults & Exposure
Vectis DriftPack Vault: 428K
Ranger USD: 249K
Elemental USDC Lending: 237K
Vectis Multi-Lend: 5K
Total Affected Amount: 919K (6% of Ranger Vaults' $14.6M TVL)
Immediate Actions Taken
1. All deposits and withdrawals on the impacted vaults have been paused
2. All vault managers were contacted immediately and advised to halt vault operations
3. Market allocations to Drift-related venues have been stopped — withdrawal logic has been programmed to automatically recover funds from Drift as soon as withdrawals resume on their end
4. We are in direct contact with the Drift team and monitoring their resolution process
What Is Not Affected
All other vaults with no Drift exposure continue to operate normally. Ranger Vault’s core infrastructure was not compromised — this exposure is limited to downstream allocations to Drift's protocol.
Next Steps
- We will provide updates as the Drift team communicates their recovery and resolution plan
- A post-incident review of venue risk controls is underway to strengthen safeguards against downstream protocol exposure
- Any recovery of funds from Drift will be distributed back to affected vault depositors
We are committed to full transparency throughout this process. Follow us for updates.
Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke. We’ll provide additional updates from this account as more information is available to share.
We have immediately paused all deposits and withdrawals on $rgUSD at the smart contract level.
We have contacted all vault managers with exposure to Drift.
Ranger's total exposure is ~$900k out of $14.6M TVL - limited to funds that were deployed into Drift.
More updates coming soon.
Less than 2 weeks left in Build-A-Bear 🧸
If you’re building a vault strategy, now’s the time to lock in scope and ship.
Need help? We’ve got workshops + recordings ↓
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Introducing the Build-A-Bear Hackathon 🧸
Up to $1M in vault TVL seed funding (and more) in prizes.
Build a vault. Beat the bear.
Here’s everything you need to know ↓