Former TON Foundation executive Justin Hyun launched the Telegram-based cryptocurrency investment app Affluent, offering one-click DeFi lending and yield services (annualized 3%-18%). Users can operate through the chat window without handling private keys or switching to external wallets. The project integrates TON ecosystem stablecoin tools and employs a dynamic liquidation model (collateral ratio < 110% leads to automatic liquidation).

Analysis by Qin Ge

Strategic Core: Justin Hyun leverages the gap in TON ecosystem DeFi (TVL only 155 million) and the Telegram user base (like Hamster Kombat with 200 million players) to build a compliant yield engine. The payment layer led by former Visa executive Nikola Plecas (fiat channels + cross-chain bridges) provides a technical barrier.

Fatal Risks: The 18% high yield relies on staking tsUSDe, whose mechanism is similar to LUNA (dependent on derivatives hedging), which can trigger a chain liquidation in a bear market. Telegram novice users may mistakenly view lending as "risk-free mining"; a single-day drop of >20% in TON will trigger a liquidation wave.

Operational Suggestions:

Conservative Strategy: Deposit USDT in the first month to earn 8% basic yield and observe the team's risk control capabilities;

Arbitrage Opportunity: Borrow low-interest TON (4%) from Affluent, transfer it to Phemex (3%) or stake tsUSDe (18%) to earn the interest spread.

Key to Success or Failure: Whether the TVL can break through $1 billion within 6 months (requires 1% participation from Telegram users), otherwise, it may repeat the fate of algorithmic stablecoins.