Original author: DefiSolar

Original translation: BlockBeats


Editor’s note: With recent 'value discovery' from projects like Raydium, Kamino, and Drift, Solana DeFi has become a market focus.


According to incomplete statistics, over the past three years, 60,000+ developers participated in Solana's hackathons, with over 4,000 projects launched, raising more than $600 million, giving rise to star projects like Jito, Tensor, io.net, Marinade, and Solend.


To find the next Solana ecosystem star, this article summarizes quality DeFi projects from the latest Solana hackathon, Solana Radar. Here is the full article.


There are many treasures hidden in the DeFi track. I've browsed every application from the Solana Colosseum Radar hackathon, so you don't have to.


Here are my top 7 picks:


1. Neutral Trade


Created by experienced quantitative experts and traders, who 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 yield of up to 37%.



2. Watt Protocol


This is unprecedented on Solana, essentially a volatility mining protocol that creates yield for staked assets using different strategies. You can use any token like popcat or retardio to earn from it. It has not launched yet.



3. Titan


A direct competitor to Jupiter, has raised $3.5 million and claims to offer better exchange rates. Tests show that Titan can provide users with a better exchange path 81% of the time. Let's wait for the mainnet launch.



4. Gold


· Tokenized gold.

· Annual yield of 4%

· Available for Solana DeFi


Has been regulated and established partnerships with leading gold suppliers.



5. Hylo


This is a new generation stablecoin backed by SOL, expected to succeed 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've seen in the memecoin/defi space. It's similar to pump fun, but whenever a new token is launched, initial token liquidity can be borrowed to allow for long and short positions from the start. This will enable short squeezes on small market cap tokens.



7. Moose Capital


When it comes to on-chain gold, let's learn more about real-world assets (RWA), such as stocks and government bonds. Moose allows you to purchase stocks/bonds from traditional financial markets on the same app, then tokenize them for use in DeFi. It has been regulated, so get ready.



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


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