馃拵 Since early 2024, TON Ecosystem has made incredible progress in the DeFi space. This growth was spearheaded by the introduction of $USDT establishing major liquidity pools, and enabling lending solutions and AMM protocols.
$TON is set to expand its stablecoin offerings and improve trading efficiency.
Our collaboration with @CurveFinance sparked a competition that:
Attracted 70 teams,
Led to the launch of @TorchTon and @croutonfi,
These projects will leverage Curve鈥檚 advanced CFMM technology and build stable swap mini apps on TON blockchain, guaranteeing smooth and efficient exchanges.
TON Foundation will pledge $150,000 to back these projects for audits and initial liquidity, while Curve will serve as an advisor and grant access to the CFMM formula. Also, winning projects have secured $2.3 million in investments from seven venture funds.
鈻笍@TON_Ventures,
鈻笍@DWFLabs,
鈻笍@GSR_io,
鈻笍@KeneticCapital,
鈻笍@ForesightVen,
鈻笍@BitrueOfficial,
鈻笍and @Papervc.
To learn more about TON鈥檚 progress in creating a new DeFi landscape read the full blog article, penned by TON DeFi Lead @VladDegen, here:
