Introducing BeaverLand: Why Lending on TON?
Hey Dambuilders, welcome to BeaverLand.
This article will explain the challenges TON currently faces in developing its DeFi ecosystem and why BeaverLand will act as a catalyst for its growth. Let’s dive in.
Lending, the Catalyst of DeFi Summer
Lending is the cornerstone of financial activity. It maximizes capital efficiency, provides leverage for spot trading and short selling, and generates numerous derivatives based on interest rates. In essence, lending is the starting point for all liquidity.
In 2020, Compound sparked a revolutionary wave with the introduction of liquidity mining, leading to the “DeFi Summer” on Ethereum. This single lending protocol created a vibrant ecosystem full of innovation, investment opportunities, and new financial paradigms.
Fast forward to today, and we see the TON blockchain at a similar crossroads, ready for a breakthrough. However, TON currently faces a significant challenge: the lack of robust DeFi infrastructure that can utilize its high TPS. Many existing protocols are not equipped to handle TON’s capabilities, which could delay the arrival of a DeFi Summer on TON.
This is where BeaverLand comes into play.
Enter BeaverLand: A TON-Native Lending Protocol with Maximum Scalability
BeaverLand is designed to handle high traffic from Telegram’s 8 million+ monthly active users and leverage TON’s high TPS. It employs a coprocessor to efficiently aggregate transactions, compute, and settle on-chain, similar to a Layer 2 rollup.
BeaverLand also prioritizes user experience with a mini-app first design, seamlessly integrating with Telegram bots to enhance usability. This integration allows users to effectively seize investment opportunities and manage risks.
The BeaverLand team consists of seasoned Ethereum developers and a veteran TON expert. Recognizing the potential of TON and Telegram, we launched this project in Q1 2024. In addition, BeaverLand has joined the TONX Accelerator, committed to advancing its innovative journey in the DeFi space.
Paving the Way for DeFi Mass Adoption
By leveraging the strengths of TON and the broad reach of Telegram, BeaverLand aims to democratize access to DeFi, making it easy for anyone, anywhere, to join the new financial frontier.
Imagine a scenario where a user with no prior blockchain knowledge can, with just a few clicks on Telegram, connect to TON through the in-app crypto wallet, deposit USDT, and start lending and borrowing to earn yield. This vision represents the future of inclusive finance.
Just a lending protocol, but BeaverLand will spark the DeFi Summer on TON. Join us in this transformation, DamBuilders!
About BeaverLand
Website (coming soon) | Twitter | Telegram Channel | Telegram Group
