7 New DeFi Projects on Solana, A Quick Look at Solana's New Hackathon

There are many treasures hidden in the Decentralized Finance track. I have browsed through every application of Solana Colosseum Radar Hacker hackathon, so you don’t need to look again.

Here are my top 7 picks:

1. Neutral Trade

Created by experienced quantitative experts and traders, they make complex strategies accessible to everyone. One of the most popular strategies is ‘SOL Super Stake’, 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 volatile Mining protocol, using different strategies to generate returns for staked assets. You can use any Token, such as popcat or retardio, and earn returns from it. Not yet online.

3. Titan

Jupiter’s direct competitor, which has raised $3.5 million and claims to provide better exchange rates. Tests show that Titan can provide users with a better exchange path in 81% of cases. Let’s wait for the Mainnet to go live.

4.Oro

·tokenization gold.

·Annualized yield is 4%

• Can be used for Solana Decentralized Finance

Has been regulated and established partnerships with leading gold suppliers.

5.Hylo

This is a new generation stablecoin supported by SOL, which is expected to succeed on Solana. It consists of two parts: hyUSD (stablecoin) and xSOL (a tokenization leveraged long position of SOL). The synergy between the two is very attractive.

6.Squeeze

This is one of the most innovative ideas I’ve seen in the memecoin/defi space. It’s similar to pumping FUN, but whenever a new Token is launched, the initial Token Liquidity can be borrowed to enable long and short positions from the start. This will allow shorts squeezing on small Market Cap Tokens.

7.Moose Capital

When it comes to on-chain gold, let’s further understand more Real World Assets (RWA), such as stocks and government bonds. Moose allows you to purchase stocks/bonds in the TradFi market on the same app, and then tokenize them for use in Decentralized Finance. It has been regulated, get ready.

Other projects like @reflectcx, @_bulktrade, @robotter_ai, and @TheArenaDotFun have also caught my attention, but I can’t include all of them. I encourage you to research these projects on your own.