💎 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’s 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:

▪️@TON_Ventures,

▪️@DWFLabs,

▪️@GSR_io,

▪️@KeneticCapital,

▪️@ForesightVen,

▪️@BitrueOfficial,

▪️and @Papervc.

To learn more about TON’s progress in creating a new DeFi landscape read the full blog article, penned by TON DeFi Lead @VladDegen, here: 👇