Original author: DefiSolar
Original translation: BlockBeats
Editor's note: With the recent "value discovery" of projects such as Raydium, Kamino and Drift, Solana DeFi has become the focus of market attention. According to incomplete statistics, in the past three years of Solana's hackathons, 60,000+ developers participated in the hackathons, 4,000+ projects were launched, and the cumulative financing exceeded 600 million US dollars, and star projects such as Jito, Tensor, io.net, Marinade, and Solend were born. In order to find the next Solana ecosystem star, this article sorted out the high-quality DeFi projects in the latest Solana hackathon Solana Radar. The following is the full text of the article.
There are many hidden gems in the DeFi space. I’ve walked through every Solana Colosseum Radar hackathon app so you don’t have to.
Here are my top 7 picks:
1. Neutral Trade
Built by experienced quantitative experts and traders, they make complex strategies accessible to everyone. One of the most popular strategies is "SOL Super Staking", based on Drift and Jupiter's JLP, with an annual return of up to 37%.
2. Watt Protocol
This is something that has never been seen before on Solana. It is essentially a volatility 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 not yet online.
3. Titan
Jupiter's direct competitor 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 go live.
4.Oro
Tokenized gold.
Annualized rate of return is 4%
Can be used for Solana DeFi
Already regulated and in partnership with leading gold suppliers.
5. Hylo
This is a new generation of SOL-backed stablecoins that is expected to be successful on Solana. It consists of two parts: hyUSD (stablecoin) and xSOL (a tokenized SOL leveraged long position). The synergy between the two is very attractive.
6. Squeeze
This is one of the most innovative ideas I have seen in the memecoin/defi space. It is similar to pump fun, but whenever a new token is launched, the initial token liquidity can be borrowed to go long and short from the beginning. This will allow short squeezes on small market cap tokens.
7. Moose Capital
After talking about on-chain gold, let’s move on to more real-world assets (RWAs) like stocks and treasuries. Moose allows you to buy stocks/bonds from traditional financial markets on the same app, and then tokenize them for use in DeFi. It’s regulated, so get ready.
Other projects like @reflectcx, @_bulktrade, @robotter_ai and @TheArenaDotFun also caught my attention, but I couldn't include them all. I encourage you to do your own research on these projects.
IOS
Android