TaskOn, a famous Web3 platform that implements various projects involving decentralization, has announced a new partnership. According to the company, it has joined forces with Hashstack, a ZK local money market forum without permission. The platform used its official X account to provide the details about this collaboration.
🥳 We’re excited to announce our partnership with @0xHashstack, leveraged yield farming on #Starknet.
🚀 Hashstack is built on Starknet and leverages the capability of zero-knowledge proofs to provide a cost- and capital-efficient lending solution. Discover more on the Hashstack Community!… pic.twitter.com/3mh9qaNsU5
—TaskOn | A Web3 Task Collaboration Platform (@taskonxyz) May 27, 2024
TaskOn and Hashstack are teaming up for an exclusive giveaway of up to $1000 USDT
The company expressed its excitement about this endeavor in its recent X-post. It was mentioned that Hashstack works as a protocol on Starknet, a zk-rollup L2 network on top of the Ethereum blockchain. According to the reports, Starknet allows decentralized applications to scale significantly while maintaining security. Hashstack has achieved a crucial position in the case of yield farming using leverage.
The platform added that Hashstack takes advantage of the zero-knowledge-proof capability. TaskOn considers this capability very beneficial to the project. It added that, with the use of the feature in question, it can provide significant cost efficiency. It highlighted that Hashstack uses the zk-proofs to provide customers with a capital-effective credit solution.
The hundred lucky winners will witness the distribution of the $USDT rewards
In addition, TaskOn announced the distribution of the $USDT rewards with a total value of up to $1,000. The platform further said that this giveaway celebrates its latest collaboration with Hashstack. The hundred lucky winners will see the distribution of the respective rewards. The event period starts on the 27e from May and ends on 10e of June.