Key Takeaways:
- Strategic Partnership: TON blockchain has partnered with Curve Finance to drive DeFi innovation in 2025, with a competition to foster early-stage DeFi projects on TON.
- Focus on DeFi Primitives: TON is building foundational DeFi tools, including lending, staking, and cross-chain bridges with BTC and EVM, to support asset and stablecoin integration.
- Incentive Programs: Winning DeFi projects from the competition will receive $150,000 in support and liquidity for stablecoin pools, with $500,000 more planned for enhancing stablecoin swaps and cross-chain functionality.
The TON blockchain is set to make 2025 a breakthrough year for decentralized finance (DeFi), partnering with Curve Finance to fuel early innovation.
Together, they’re fostering foundational DeFi “primitives” on TON, such as lending, liquidity staking, and Constant Product Market Maker protocols, with an aim to create cross-chain bridges to major networks like Bitcoin (BTC) and Ethereum (EVM).
💎 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… pic.twitter.com/hwmDTrAlEz
— TON 💎 (@ton_blockchain) October 31, 2024
This will support stablecoin integration and new assets, enhancing TON’s DeFi ecosystem.
A recent competition, co-hosted by TON and Curve, encouraged DeFi developers to use Curve’s Constant Functional Market Maker (CFMM) technology, which offers greater price stability and reduced slippage for swaps.
From over 70 participating teams, two, Torch Finance and Crouton Finance, emerged as winners, each receiving $150,000 for audits, liquidity support, and stablecoin pool incentives.
The liquidity from these projects will join the CrossCurve protocol, led by Curve founder Michael Egorov, to consolidate liquidity across Curve pools.
Looking ahead, TON and Curve plan to release $500,000 in incentives to boost stablecoin exchanges and cross-chain DeFi operations across TON and EVM-compatible ecosystems, laying a strong foundation for DeFi growth on TON.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
Check Adam out on: