The TON Foundation, behind the altcoin TON, declared 2025 as the year of decentralized finance (DeFi) on The Open Network (TON) blockchain platform. Taking a big step in the field of DeFi, TON started to lay the foundations of the new generation DeFi projects by collaborating with the decentralized exchange Curve Finance. According to the statement made by the TON Foundation, this process will be accelerated by integrating Curve Finance’s technologies into the TON platform.
DeFi giants established altcoin partnership
Ton Foundation declared 2025 as the year of DeFi on the TON blockchain. Thus, he pointed out altcoin projects such as TON, NOT, DOGS, HMSTR in the TON ecosystem. TON announced that it has completed the first stages of its DeFi infrastructure. This infrastructure includes core protocols such as credit solutions, liquidity provision and Constant Product Market Maker (CPMM). In a blog post written by TON DeFi leader Vlad Degen, it was stated that these technologies constitute TON’s first layer projects in the DeFi field. After the first layer, it is aimed to launch second layer projects such as launchpad, options and derivative products.
Another important step planned for the future is to build bridges between TON and other networks based on Bitcoin (BTC) and Ethereum Virtual Machine (EVM). These bridges will allow the addition of new assets and enable major stablecoins to join the TON ecosystem. This strategic step stands out as part of TON’s goal of expanding into a broader ecosystem.
CFMM technology in focus
The collaboration between TON Foundation and Curve Finance has resulted in the integration of Curve’s Constant Functional Market Maker (CFMM) technology into the TON network. CFMM technology promises to minimize transaction slippage by reducing price fluctuations. This technology offers a number of advantages for using liquidity more efficiently in DeFi markets. The opportunity to use Curve Finance’s licensed technology opens the way for swap transactions on the TON blockchain, bringing TON one step closer to its DeFi goals.
As part of this partnership, a competition was held in September. DeFi teams that will develop new stablecoin pools using Curve’s technology applied for this competition. In the competition to which 70 teams applied, two teams named Torch Finance and Crouton Finance were successful among the five teams that made it to the final round. These two teams were awarded $150,000 in funding each by the TON Foundation and initial liquidity support in their new stablecoin pools.
Torch Finance and Crouton Finance will be integrated into the CrossCurve protocol to provide liquidity and user incentives to DeFi projects in the TON ecosystem. CrossCurve is a cross-chain trading and yield protocol backed by Michael Egorov, founder of Curve Finance, that combines existing Curve pools to create a single liquidity market. This move is seen as part of TON’s strategy to expand in the DeFi market.
2.3 million dollar investment and 500 thousand dollar incentive
In addition, seven different venture capital firms committed a total of 2.3 million dollars of “soft” investment to Torch Finance and Crouton Finance projects. These investments will support TON blockchain to attract more projects in the DeFi space and provide deeper integrations with Curve Finance technologies. Among the upcoming steps, TON and Curve Finance announced that they will offer $500,000 in incentive funding to support stablecoin swaps between the TON ecosystem and EVM-based networks. This incentive aims to enable the use of stablecoins in a broader DeFi ecosystem by increasing TON’s cross-chain compatibility. In this way, liquidity on the TON blockchain is expected to increase and stablecoin exchange transactions will become easier.
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