Original author: DefiSolar
Original translation: BlockBeats
Editor’s Note: With recent 'value discovery' from 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, 60,000+ developers have participated, 4,000+ projects have launched, and over $600 million has been raised, giving birth to star projects like Jito, Tensor, io.net, Marinade, Solend, etc.
In search of the next Solana ecosystem star, this article outlines 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 track. I've browsed through every application from the Solana Colosseum Radar hackathon, so you don’t have to look anymore.
Here are the top 7 I am optimistic about:
1.Neutral Trade
Created 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 an annual yield of up to 37%.
2.Watt Protocol
This is unprecedented on Solana, essentially a volatility mining protocol that creates yields for staked assets using different strategies. You can use any token, such as popcat or retardio, to earn returns. It has not yet launched.
3.Titan
A direct competitor to Jupiter, has raised $3.5 million, and claims to offer better exchange rates. Tests show that Titan can provide users with better exchange paths 81% of the time. Let's wait for the mainnet launch.
4.Gold
·Tokenized gold.
·Annual yield of 4%
·Available for Solana DeFi
Regulated and partnered with leading gold suppliers.
5.Hylo
This is a new generation of 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 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 initial token liquidity can be borrowed to allow for long and short positions from the start. This will allow for short squeezing on small market cap tokens.
7.Moose Capital
When talking about 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 on the same app and then tokenize them for use in DeFi. It has been regulated, so get ready.
Other projects like @reflectcx, @_bulktrade, @robotter_ai, and @TheArenaDotFun have also caught my attention, but I can't list all of them. I encourage you to research these projects on your own.
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