TL;DR
- TON Foundation and Jupiter collaborate to implement a liquidity aggregator on the TON Virtual Machine (TVM) and develop tools for cross-chain swaps.
- A competition has been launched for aggregation projects in The Open Network. There will be prizes, with funding and advisory support provided by Jupiter.
- The alliance aims to strengthen the DeFi ecosystem of The Open Network and boost its adoption through the development of scalable solutions.
The TON Foundation, an organization dedicated to the development and expansion of The Open Network, has announced its collaboration with Jupiter, a decentralized trading platform specializing in spot trading and perpetual contracts.
The agreement aims to strengthen the DeFi ecosystem of The Open Network by implementing an innovative liquidity aggregator on the TON Virtual Machine (TVM) and developing tools for cross-chain swaps.
The alliance is designed to expand and consolidate TON’s presence in decentralized finance. Jupiter is supported by one of the most active decentralized autonomous organizations (DAO) in the sector. The platform will contribute its expertise in liquidity route optimization and cross-chain trading management. These capabilities are essential for creating new opportunities for developers and users in the blockchain ecosystem.
A Competition to Enhance the TON Ecosystem
As part of this collaboration, a competition has been launched for projects working on liquidity aggregation solutions within the The Open Netowrk ecosystem. The initiative is open to both established projects and those under development.
A platform will be provided for participants to showcase their proposals and compete for various prizes. The winners will receive strategic support from Jupiter, including advice on go-to-market strategies, process optimization, and liquidity management, as well as funding and resources provided by TON Foundation to accelerate their growth.
Community-Driven Development
The competition is now open, and applications will remain open until the competition’s conclusion. Participants must present their solutions and share their progress with the community. They should demonstrate the potential of their projects to contribute to TON’s development and how they will help transform it into a more accessible and functional blockchain. The final results will be announced on February 15, 2025.
Leaders from both organizations have emphasized the importance of this collaboration for the future of the ecosystem. According to Meow, co-founder of Jupiter, The Open Network offers immense untapped potential, and this initiative seeks to capture and promote talent within the network.
The Open Network and Jupiter aim to lay the groundwork for the development of a more robust and scalable DeFi ecosystem, offering new opportunities to developers and users as they deepen decentralization
