TaskOn, a well-known Web3 platform that specializes in decentralized projects, has recently announced an exciting new collaboration. According to the company, it has partnered with Hashstack, a permissionless zk-local money market forum. TaskOn took to its official X account to share the details of this exciting partnership.
“We are absolutely thrilled to announce our partnership with @0xHashstack, bringing leveraged yield farming to #Starknet,” TaskOn stated enthusiastically.
Built on Starknet, Hashstack utilizes the power of zero-knowledge proofs to offer a lending solution that is both cost-effective and capital-efficient. TaskOn encourages everyone to explore more about Hashstack Community.
TaskOn and Hashstack have also joined forces to offer an exclusive giveaway, with rewards of up to $1000 USDT. The company expressed its excitement about this endeavor in a recent X post, highlighting that Hashstack operates as a protocol on Starknet, a zk-rollup L2 network on the Ethereum blockchain. Starknet allows decentralized applications to scale significantly while ensuring security. Hashstack has established itself as a key player in the leveraged yield farming space.
TaskOn emphasized the advantages of Hashstack’s utilization of zero-knowledge proofs. The platform believes that this feature provides significant cost efficiency, allowing them to offer clients a lending solution that is both effective and capital-efficient.
In addition to the partnership announcement, TaskOn revealed that they will be distributing $USDT rewards worth up to $1,000. This giveaway is a celebration of their collaboration with Hashstack. A hundred lucky winners will have the opportunity to receive these rewards. The event will run from May 27th to June 10th.