TaskOn, a renowned Web3 platform that undertakes various projects with decentralization, has announced an exciting new partnership. The company has joined forces with Hashstack, a permissionless zk-local money market forum. TaskOn took to its official account on X to share the details of this collaboration.
We are delighted to announce our partnership with @0xHashstack, bringing leveraged yield farming to #Starknet. Built on Starknet, Hashstack utilizes zero-knowledge proofs to provide a cost-effective 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 have teamed up for an exclusive giveaway of up to $1000 USDT. The company expressed its excitement about this venture in a recent post on X. It mentioned that Hashstack operates as a protocol on Starknet, which is a zk-rollup L2 network built on the Ethereum blockchain. Reports suggest that Starknet allows decentralized applications to scale significantly while maintaining security. Hashstack has established itself as a key player in the leveraged yield farming space.
TaskOn highlighted that Hashstack benefits from the use of zero-knowledge proofs, a feature that it considers highly advantageous for the project. By utilizing this feature, TaskOn can offer significant cost efficiency. Hashstack leverages zk proofs to provide clients with a capital-effective lending solution.
The distribution of $USDT rewards, totaling up to $1000, was also disclosed by TaskOn. The platform stated that this giveaway celebrates the recent collaboration with Hashstack. The lucky winners, numbering one hundred, will receive their respective rewards. The event will run from May 27th to June 10th.
