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News Explorer — Telegram-Linked TON Blockchain Gets $24 Million DeFi Boost

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Sep 6, 12:01 pm
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Telegram-Linked TON Blockchain Gets $24 Million DeFi Boost

The TON Foundation has contributed an additional $24 million worth of Toncoin (TON) to its DeFi incentive program, bringing the program's total value to over $75 million. The program aims to encourage users to engage with decentralized finance applications on TON, which has gained popularity for crypto-backed games on Telegram. The latest phase of the program rewards liquidity providers in pools on STON.fi and DeDust, two major DeFi protocols on TON.

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