The Open Network (TON) Foundation announced that 2025 will be the year for decentralized finance (DeFi) on its blockchain, following a partnership with Curve Finance. Together, they organized a competition for teams to create stable asset swaps utilizing Curve's technology. TON is working on the foundational elements of DeFi, including lending solutions and liquidity staking, while also planning to connect with major networks like Bitcoin and EVM for asset inclusion. In the competition, 70 teams applied, but only 10 were accepted, with Torch Finance and Crouton Finance emerging as winners. Each will receive $150,000 for audits and initial liquidity in new stablecoin pools. Their liquidity will integrate into the CrossCurve protocol, enhancing cross-chain liquidity for DeFi activities. Additionally, TON and Curve will implement $500,000 in incentives for stablecoin exchanges between TON and EVM networks.

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