TAC Attracts $150M to Bring Ethereum-based Liquidity to Telegram’s TON Blockchain

TAC and the Turtle Club have raised $150 million in just two weeks as part of a campaign to bring Ethereum-based liquidity to the TON blockchain and ultimately to one billion Telegram users. The Turtle Club, a decentralized finance (DeFi) protocol designed to democratize liquidity access, is coordinating The Summoning, a campaign to raise liquidity for TAC ahead of its mainnet going live, which is scheduled for mid-May. It said it raised its first $100 million in just one week. The goal is to help attract DApps to build on TAC, which allows Ethereum Virtual Machine (EVM) based DApps to gain access to the TON blockchain, the exclusive blockchain infrastructure provider of Telegram that is not EVM-compatible. TAC is a Layer 1 blockchain with a TON adapter. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant