TON x Curve Stableswap Winners: Torch and Crouton

Since the start of 2024, TON has made significant headway in the DeFi space. Crucial for this growth has been the introduction of USDT, allowing for the establishment of major liquidity pools and laying the groundwork for further DeFi primitives like lending solutions and AMM protocols. 

In collaboration with Curve Finance, we organized a stableswap competition that attracted 70 teams, resulting in two winning projects: Torch Finance and Crouton Finance. 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. Moreover, our winning projects have secured $2.3 million in investments from seven venture funds including: 

▪️ TON Ventures
▪️ DWF Labs
▪️ GSR
▪️ Kenetic Capital
▪️ Foresight
▪️ Bitrue Ventures
▪️ Paper Ventures

Now is the time for DeFi teams and investors to join the TON Ecosystem — 2024 will be the year of DeFi on TON!

To learn more read the full blog article, penned by TON DeFi Lead Vlad Degen!

🎉 Third Airdrop Phase: Hipo Partners!

💎 Less than 24 hours left until the snapshot for the third phase of the Hipo Partners airdrop!

📋 Eligibility Requirements:
1️⃣ Hold at least $100 worth of HPO in your wallet.
2️⃣ Own one of our partners’ jettons or NFTs.

🤝 Find the list of Hipo Partners and their assets:
- Part One
- Part Two
- Part Three

⏰ Snapshot Time: 6 Jan 2025 at 12:00 UTC and distribute the airdrop within the next 48 hours.

✨ Reward:
Eligible participants will receive 5% of the HPO they hold in their wallet during the snapshot.

Why Interoperability Matters in Blockchain

The logical next step for blockchain evolution is introducing cross-chain connections, which will make engaging with blockchains as effortless as sending a text or buying a coffee.

TON is at the forefront of these developments, integrating Layer Zero, Stargate Finance, Symbiosis, TON Bridge, and more, enabling a world where users can move assets freely across ecosystems without friction. 

Check out this nifty video for a more interactive explanation!