4 projects to win at the TON hackathon with a prize of $2mln
The Hackers League Hackathon: Winter 2024 has recently started on TON, but the example projects are 5-7 years old (uniswap, makerdao…)
And since TON is good for copying projects from other networks (TON is not EVM compatible, so you can’t quickly enter this network from Ethereum-like networks, so it is not profitable for already working projects to leave the “native network” to TON, I can write a separate article about this, put 🗿 if you want to read)
I took 4 of the fastest growing DeFi from Binance Research this year so that you can win this hackathon:
▪️ Pendle - is a decentralized finance protocol that allows users to tokenize and sell future yields. Pendle allows investors to trade expected returns now, optimizing yield management in volatile markets.
Pendle has seen remarkable growth since the start of the year, skyrocketing
by 1962% to US$4.8B in TVL(to the end of spring)
▪️ Ethena - stablecoin that uses a delta hedging mechanism, essentially a synthetic dollar that does not require the same amount of overcollateral as first-wave algorithmic stablecoins (like DAI)
During the spring Ethena’s USDe has surged 2730.4% to reach a market cap of US$2.4B
▪️ Morpho - lending primitive that allows the permissionless creation of isolated lending markets. Isolated lending markets refer to a market between just two assets - one collateral and one borrowable asset, each with
independent risk management.
With over US$2.5B in TVL, Morpho has become the 6th largest on-chain lending platform, boasting an impressive 76.7% increase YTD these spring
▪️ Hyperliquid - order book-based perpetual futures derivatives DEX.One of the biggest benefits of running on its own L1 is that the exchange experiences high throughput and performance.
Since the beginning of 2024, Hyperliquid has consistently recorded impressive daily volumes exceeding US$1B
Good luck at the hackathon!
Buy jettons on TON with minimum fees | Start with TON on CEX with bonus |@ton_learn
The Hackers League Hackathon: Winter 2024 has recently started on TON, but the example projects are 5-7 years old (uniswap, makerdao…)
And since TON is good for copying projects from other networks (TON is not EVM compatible, so you can’t quickly enter this network from Ethereum-like networks, so it is not profitable for already working projects to leave the “native network” to TON, I can write a separate article about this, put 🗿 if you want to read)
I took 4 of the fastest growing DeFi from Binance Research this year so that you can win this hackathon:
▪️ Pendle - is a decentralized finance protocol that allows users to tokenize and sell future yields. Pendle allows investors to trade expected returns now, optimizing yield management in volatile markets.
Pendle has seen remarkable growth since the start of the year, skyrocketing
by 1962% to US$4.8B in TVL(to the end of spring)
▪️ Ethena - stablecoin that uses a delta hedging mechanism, essentially a synthetic dollar that does not require the same amount of overcollateral as first-wave algorithmic stablecoins (like DAI)
During the spring Ethena’s USDe has surged 2730.4% to reach a market cap of US$2.4B
▪️ Morpho - lending primitive that allows the permissionless creation of isolated lending markets. Isolated lending markets refer to a market between just two assets - one collateral and one borrowable asset, each with
independent risk management.
With over US$2.5B in TVL, Morpho has become the 6th largest on-chain lending platform, boasting an impressive 76.7% increase YTD these spring
▪️ Hyperliquid - order book-based perpetual futures derivatives DEX.One of the biggest benefits of running on its own L1 is that the exchange experiences high throughput and performance.
Since the beginning of 2024, Hyperliquid has consistently recorded impressive daily volumes exceeding US$1B
Good luck at the hackathon!
Buy jettons on TON with minimum fees | Start with TON on CEX with bonus |@ton_learn