The TON Blockchain ecosystem continues its expansion thanks to the investment from TVM Ventures, which has raised 5.75 million dollars to support three innovative projects: Torch Finance, Factorial Finance, and Memes Lab. These projects aim to strengthen the DeFi and SocialFi sectors within TON, with solutions designed for liquidity, lending, and community engagement.
Torch Finance: a Stable Swap protocol for TON
Torch Finance is a Stable Swap protocol that has already attracted attention by winning the competition organized by TON Foundation and Curve Finance. Its main objective is to facilitate the transfer of liquidity from EVM blockchains to TON, with a migration capacity of up to 2 billion dollars.
One of the key elements of Torch Finance is Stable Swap V2, an updated version of the protocol that introduces advanced functionalities and a decentralized stablecoin supported by the assets of the TON ecosystem. This tool could significantly improve the stability and efficiency of liquidity on the blockchain.
Another innovation is Simple Earn, a feature that allows Telegram users to earn through staking, similar to what happens on platforms like Binance. This approach simplifies access to DeFi on TON, making the experience more immediate and accessible for the mainstream audience.
Factorial Finance: the first decentralized lending system on TON
Factorial Finance has raised 1.8 million dollars in its seed round and aims to introduce the first decentralized lending system on TON with a modular approach.
Unlike traditional platforms, Factorial Finance does not impose rigid rules, but offers flexibility to users and projects, allowing them to create and manage customized liquidity pools. This allows for adjusting risk and return parameters, offering tailored solutions for different investor profiles.
The approach of Factorial Finance could encourage greater participation in the loans sector of DeFi on TON, attracting users who are looking for more customizable and adaptable tools compared to traditional solutions.
Memes Lab: SocialFi and meme coin on TON
The third project funded by TVM Ventures is Memes Lab, which raised 2.45 million dollars thanks to a seed round led by Lemniscap. This project focuses on meme coin, a sector often underestimated but crucial for community engagement and the growth of the DeFi ecosystem.
One of the most interesting aspects of Memes Lab is the integration with Telegram Stars, which allows users to purchase meme coins without the need for a wallet. This could lower the entry barriers into the world of cryptocurrencies, making the process more seamless and intuitive.
Furthermore, Memes Lab offers an automatic creation of groups Telegram for every new meme coin launched, promoting an immediate community engagement. Another key element is the tap-to-earn, a gaming model that has already attracted 17 million users, demonstrating the strong interest in this type of interaction.
The impact of TVM Ventures on TON and DeFi
The investment by TVM Ventures highlights a clear strategy: strengthen the DeFi and SocialFi ecosystem on TON by focusing on three fundamental pillars.
1. Curve Finance to improve institutional liquidity.
2. Telegram Stars as a tool to integrate DeFi with Telegram.
3. Web2-to-Web3 solutions to simplify the adoption of cryptocurrencies by the general public.
If this strategy is successful, TON could establish itself as the reference blockchain for DeFi on Telegram, offering a scalable and accessible infrastructure for developers and users.
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