Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
7 New DeFi Projects on Solana, Exploring the Solana Hackathon

7 New DeFi Projects on Solana, Exploring the Solana Hackathon

BlockBeatsBlockBeats2024/11/11 04:53
By:BlockBeats

Solana Hackathons have seen the birth of star projects like Jito, Tensor, io.net, Marinade, Solend, and more.

Original Author: DefiSolar
Original Translation: BlockBeats


Editor's Note:

With the recent "price discovery" of projects like Raydium, Kamino, and Drift, Solana DeFi has become the focus of the market's attention.


According to incomplete statistics, over the past three years, more than 60,000 developers have participated in Solana hackathons, with over 4,000 projects launched, raising a total of over six hundred million US dollars, giving birth to star projects such as Jito, Tensor, io.net, Marinade, Solend, among others.


In order to find the next Solana ecosystem star, this article has compiled the high-quality DeFi projects from the latest Solana hackathon, Solana Radar. The following is the full article.


There are many treasures hidden in the DeFi track. I have browsed through every application at the Solana Colosseum Radar hackathon, so you don't have to.


Here are my top 7 picks:


1. Neutral Trade


Built by experienced quantitative experts and traders, they have made complex strategies accessible to everyone. One of the most popular strategies is the "SOL Super Staking," based on Drift and Jupiter's JLP, with an annual yield of up to 37%.


7 New DeFi Projects on Solana, Exploring the Solana Hackathon image 0


2. Watt Protocol


This is unprecedented on Solana, essentially a volatility mining protocol that creates yield for staked assets through various strategies. You can use any token, such as popcat or retardio, and earn from it. It has not yet launched.


7 New DeFi Projects on Solana, Exploring the Solana Hackathon image 1


3. Titan


The direct competitor of Jupiter, having raised $3.5 million, claims to offer a better exchange rate. Tests show that Titan can provide users with a better exchange path in 81% of cases. Let's wait for the mainnet launch.


7 New DeFi Projects on Solana, Exploring the Solana Hackathon image 2


4.Oro


· Tokenized Gold.

· 4% Annual Percentage Yield

· Usable in Solana DeFi


Regulated and partnered with leading gold suppliers.


7 New DeFi Projects on Solana, Exploring the Solana Hackathon image 3


5.Hylo


This is a next-generation stablecoin backed by SOL, poised for success on Solana. It consists of two parts: hyUSD (the stablecoin) and xSOL (a tokenized leveraged long SOL position). The synergy between the two is very compelling.


7 New DeFi Projects on Solana, Exploring the Solana Hackathon image 4


6.Squeeze


This is one of the most innovative ideas I've seen in the memecoin/DeFi space. It's akin to a pump-and-dump scheme, but at the launch of a new token, the initial token liquidity can be borrowed to enable long and short positions from the start. This will allow for short squeezes on low market cap tokens.


7 New DeFi Projects on Solana, Exploring the Solana Hackathon image 5


7.Moose Capital


After discussing on-chain gold, let's delve further into Real World Assets (RWA) like stocks and bonds. Moose allows you to buy stocks/bonds from the traditional financial markets within the same app and then tokenize them for DeFi use. It's regulated and ready.


7 New DeFi Projects on Solana, Exploring the Solana Hackathon image 6


Other projects like @reflectcx, @_bulktrade, @robotter_ai, and @TheArenaDotFun have also caught my attention, but I can't list all projects. Encourage you to research these projects on your own.


Original Post Link

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!