7 New DeFi Projects on Solana, Exploring the Solana Hackathon

0xFacai

24-11-11 12:53

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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%.

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.

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.

4.Oro

· Tokenized Gold.

· 4% Annual Percentage Yield

· Usable in Solana DeFi

Regulated and partnered with leading gold suppliers.

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.

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.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.

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.