CDP Stablecoin on TON
Task
Launch a decentralized collateralized stablecoin (CDP) on a target L1 from scratch, grow TVL, and reach profitability.
$1.3M
TVL (2 wks)
$4M
TVL (1 mo)
1st place
TON Ecosystem Competition for TVL Growth Among New Products
My actions
Shipped end-to-end from idea to mainnet with 11,000 testers. CTO owned engineering — I owned product strategy, tokenomics, partnerships (GemsWall, Storm Trade, Nomis), acquisition, and GTM in the target ecosystem.
Outcome
What didn’t work: institutional demand for the CDP stablecoin was weaker than early signals. The market “said yes” but didn’t pay at the required level. The protocol shut down. Lesson: ecosystem hype ≠ paying demand. I now validate willingness to pay before launch, not after.