The Open Challenge Program Sunset As of Q2 FY23, The Open Cha | TON Community
The Open Challenge Program Sunset
As of Q2 FY23, The Open Challenge Program has been replaced with the DeFi Liquidity Incentive Program. The TON Foundation has analyzed the current state of the TON DeFi ecosystem and concluded that a custom liquidity incentive tailored at the protocol level will be more effective in growing the ecosystem.
As a result of running The Open Challenge for two consecutive quarters, Megaton achieved an average TVL of $11 million during Q2 FY23, making them eligible for a reward (which has since been deposited back into the pool).
The Open Network (TON) is putting crypto in every pocket. By building the Web3 ecosystem within Telegram Messenger, TON is giving billions the opportunity to own their digital identity, data, and asse...
