🩵TON Foundation commits $24 million for DeFi Development

The TON Foundation has added another $24 million in TON for their DeFi incentive program. This brings the total value of the program to date to over $75 million.

The TON Foundation initially launched this program in April to foster user engagement with decentralized finance (DeFi) applications on the TON platform.

At the launch, the program offered 11 million Toncoin as incentives, which is now worth nearly $53 million.

The additional 5 million TON allocated today is to reward liquidity providers in pools on STONfi and DeDust - two of the largest automated market maker (AMM) DeFi protocols operating on the TON blockchain.

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