2025 will be TON’s year of DeFi, and it has partnered with Curve Finance to support a competition to find early leaders.
The approaching new year will be the year of decentralized finance (DeFi) on The Open Network (TON) blockchain, developer TON Foundation has declared. Decentralized exchange Curve Finance joined in to start the process, and TON and Curve held a competition for DeFi teams to develop stable asset swaps using Curve Finance’s proprietary technology.
TON is completing what it calls the first tier of DeFi primitives, it announced in a blog authored by TON DeFi lead Vlad Degen. The author had in mind lending solutions, liquidity staking and Constant Product Market Maker protocols. Emerging second-tier projects include launchpads, options and derivatives, and:
As part of the partnership with Curve Finance finalized in September, a competition was held to develop Curve’s Constant Functional Market Maker (CFMM). This technology promises reduced price volatility and lower slippage.
