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The Open Network, a leading player in the blockchain space, has announced its commitment to further bolstering the DeFi ecosystem by contributing an additional $24 million worth of Toncoin (TON) to its existing incentive program. This move sees The Open Network's total contribution to the program reach a staggering $75 million, with a total of 5 million TON tokens now being made available for distribution.
The newly added 5 million TON tokens will be specifically allocated to reward liquidity providers on STON.fi and DeDust pools, which are two of the largest automated market maker (AMM) DeFi protocols operating on the TON network. This move is expected to incentivize more users to participate in these platforms, thereby driving increased liquidity and fostering a more vibrant DeFi ecosystem on the TON network.
The Open Network's continued support for the DeFi space underscores its commitment to promoting innovation and growth within the blockchain industry. By providing additional resources to deserving projects and participants, The Open Network is helping to create a more equitable and sustainable future for all stakeholders involved in the DeFi ecosystem.
