Original Author: DefiSolar

Original Translation: 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 in Solana's hackathons, more than 60,000 developers have participated, over 4,000 projects have been launched, and total financing has exceeded $600 million, giving birth to star projects like Jito, Tensor, io.net, Marinade, and Solend.

In search of the next Solana ecosystem star, this article reviews the high-quality DeFi projects from the latest Solana hackathon, Solana Radar. Below is the full text of the article.

There are many treasures hidden in the DeFi space. I have browsed through every application from the Solana Colosseum Radar hackathon, so you don't have to.

Here are my top 7 picks:

1.Neutral Trade

Developed by experienced quantitative experts and traders who make complex strategies accessible to everyone. One of the most popular strategies is 'SOL Super Staking', based on Drift and Jupiter's JLP, with annual yields of up to 37%.

2.Watt Protocol

This is unprecedented on Solana, essentially a volatility mining protocol that generates yields on staked assets using various strategies. You can use any token, such as popcat or retardio, and earn from it. It is not yet live.

3.Titan

Direct competitor of Jupiter, has raised $3.5 million and claims to provide better exchange rates. Tests show that Titan can offer users a better exchange path 81% of the time. Let’s wait for the mainnet launch.

4.Gold

· Tokenized gold.

· Annual yield of 4%

· Available for Solana DeFi

Regulatory approval has been obtained, and partnerships have been established with leading gold suppliers.

5.Hylo

This is the next generation of stablecoins 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 attractive.

6.Squeeze

This is one of the most innovative ideas I've seen in the memecoin/defi space. It’s similar to pump fun, but whenever a new token is launched, the liquidity of the initial token can be borrowed to conduct long and short trades from the start. This will allow for 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 purchase stocks/bonds from traditional financial markets in the same application and then tokenize them for use in DeFi. It has received regulatory approval, so get ready.

Other projects like @reflectcx, @_bulktrade, @robotter_ai, and @TheArenaDotFun have also caught my attention, but I cannot list all projects. I encourage you to research these projects on your own.

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