Check out 7 Decentralized Finance projects worth following at the Solana hackathon

Original author: DefiSolar

Original translation: BlockBeats

Editor’s note: With the recent ‘value discovery’ of projects such as Raydium, Kamino, and Drift, Solana Decentralized Finance has become the focus of market attention. According to incomplete statistics, in the past three years, over 60,000 developers have participated in Solana hackathons, with over 4,000 projects launched and a total funding of over $600 million, giving birth to star projects such as Jito, Tensor, io.net, Marinade, Solend, etc. In order to find the next star of the Solana ecosystem, this article summarizes the high-quality Decentralized Finance projects in the latest edition of Solana Radar hackathon. The following is the full text of the article.

There are many treasures hidden on the Decentralized Finance track. I have browsed through every application of the Solana Colosseum Radar Hacker hackathon, so you don’t have 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 the ‘SOL Super Stake’, based on Drift and Jupiter’s JLP, with an annual yield of up to 37%.

2.Watt Protocol

This is an unprecedented protocol on Solana that is essentially a volatile Mining protocol that uses different strategies to generate returns for staked assets. You can use any Token, such as popcat or retardio, and earn returns from it. It is currently not yet launched.

3.Titan

Jupiter’s direct competitor, which has raised $3.5 million and claims to offer 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 launch.

4.Oro

·tokenization黄金。

·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 of SOL leverage long position). The synergy between the two is very appealing.

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 right from the start. This will allow for short squeezes on small Market Cap Tokens.

7.Moose Capital

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

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

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