TaskOn, a renowned Web3 platform known for its decentralized project accomplishments, has recently announced a new partnership. The company has joined forces with Hashstack, a permissionless zk-local money market forum. TaskOn took to its official X account to share the exciting details of this collaboration.
We are delighted to announce our partnership with @0xHashstack, enabling leveraged yield farming on #Starknet. Built on Starknet, Hashstack utilizes the power 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 have partnered to offer 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 functions as a protocol on Starknet, a zk-rollup L2 network built on the Ethereum blockchain. Reports suggest that Starknet allows decentralized applications to scale significantly while ensuring security. Hashstack has emerged as a key player in leveraged yield farming.
TaskOn highlighted the advantages of Hashstack’s utilization of zero-knowledge-proof capability. The platform considers this feature highly beneficial for the project, enabling significant cost efficiency. TaskOn emphasized that Hashstack leverages zk proofs to provide clients with a capital-effective lending solution.
Furthermore, TaskOn revealed the distribution of $USDT rewards worth up to $1000 in total. The platform stated that this giveaway celebrates the recent collaboration with Hashstack. The lucky winners, totaling one hundred, will be the recipients of these rewards. The event period will begin on May 27th and conclude on June 10th.
