Author: DefiSolar
Compiled by: BlockBeats
Editor's note:
With the recent 'value discovery' of projects like Raydium, Kamino, and Drift, Solana DeFi has become the focus of market attention.
According to incomplete statistics, over the past three years at Solana's hackathons, 60,000+ developers participated, 4,000+ projects were launched, raising over $600 million, giving birth to star projects like Jito, Tensor, io.net, Marinade, Solend, and more.
To find the next Solana ecosystem star, this article reviews the quality DeFi projects from the latest Solana hackathon Solana Radar. Below is the full text of the article.
The DeFi track hides many treasures. I have browsed every application from the Solana Colosseum Radar hackathon, so you don't have to look anymore.
Here are my top 7 picks:
1.Neutral Trade
Created by experienced quantitative experts and traders, they make complex strategies available to everyone. One of the most popular strategies is 'SOL Super Staking', based on Drift and Jupiter's JLP, with an annual yield of up to 37%.
2.Watt Protocol
This is unprecedented on Solana, essentially a volatility mining protocol that creates yield for staked assets using different strategies. You can use any token, such as popcat or retardio, and earn from it. It has not been launched yet.
3.Titan
Jupiter's direct competitor, has raised $3.5 million and claims to provide better exchange rates. Tests show Titan can provide users with a superior exchange path 81% of the time. Let's wait for the mainnet launch.
4.Gold
Tokenized gold.
Annualized return is 4%
Available for Solana DeFi
Regulatory approved and partnered with leading gold suppliers.
5.Hylo
This is a next-generation stablecoin backed by SOL, expected to succeed on Solana. It consists of two parts: hyUSD (stablecoin) and xSOL (a tokenized SOL leveraged long position). The synergy between the two is very appealing.
6.Squeeze
This is one of the most innovative ideas I have seen in the memecoin/defi space. It is similar to pump fun, but whenever a new token is launched, the initial token liquidity can be borrowed to allow for long and short operations from the start. This will enable short squeezes on small market cap tokens.
7.Moose Capital
After discussing on-chain gold, let's further explore more real-world assets (RWA), such as stocks and government bonds. Moose allows you to buy stocks/bonds from traditional financial markets on the same app and then tokenizes them for use in DeFi. It has received regulatory approval, so be prepared.
Other projects like @reflectcx, @_bulktrade, @robotter_ai, and @TheArenaDotFun have also caught my attention, but I can't list all the projects. I encourage you to research these projects on your own.
