TON Partners with Curve Finance to Enhance Stablecoin Trading
- TON prtnrs with Curv Finnc to dvlop stbl swp projct using CFMM tchnology.
- Curv Finncs CFMM will nhnc stblcoin trding on TON by rducing voltility nd slippg.
- Th inititiv ims to boost TON blockchin doption nd simplify stblcoin trnsctions.
Th Opn Ntwork (TON) blockchin is st to dvnc stblcoin usbility through prtnrship with Curv Finnc, dcntrlizd xchng. This prtnrship ims to dvlop stbl swp projct on TON using Curvs Constnt Function Mrkt Mkr (CFMM) tchnology, which will optimiz th stblcoin trding xprinc on th ntwork.
Curvs CFMM tchnology will trnsform trding by rducing pric impcts in stblcoin swps. Known for its fficincy, it provids smoothr nd mor consistnt trnsctions. By lvrging this tchnology, th projct ims to lowr voltility nd slippg, nsuring mor fficint nd ccssibl sst xchngs.
Vld Dgn, hd of dcntrlizd finnc t th TON Foundtion, mphsizd th importnc of this nw intgrtion. By intgrting Curvs CFMM tchnology, TON cn mk trding much mor ccssibl to thos who might not lrdy b fully mbddd into th cosystm, h sid. This inititiv ims to bring in mor usrs nd improv stblcoin trnsction fficincy.
Currntly, Projcts using Curv Finncs CFMM must obtin licns, mking this inititiv on th TON blockchin notbl. Th collbortion sks to nhnc stblcoin trding, spd up doption, nd simplify trding on th pltform.
TON Expands Stablecoin Integration
Dgn lso mntiond tht mor stblcoins nd ssts from othr chins, lik Bitcoin, would soon ppr on the network. H ddd tht dopting CFMM tchnology nd working with top mrkt mkr ligns with its growth strtgy.
Th TON Foundtion nd Curv Finnc will mbrk on public nd trnsprnt slction procss to idntify n indpndnt tm rsponsibl for dvloping th stbl swp projct. Michl Egorov, th foundr of Curv Finnc, will provid invlubl guidnc to th chosn tm, offring xprtis on protocol mchnics nd growth strtgis.
Th slctd tm will b grntd prmission to intgrt Curv Finncs stbl swp formul into thir projct nd will b rwrdd with n lloction of th projcts tokns to b irdroppd to qulifid usrs.
In ddition to th dvlopmnt of th stbl swp projct, Curv Finnc rcntly implmntd shift towrds its ntiv stblcoin, crvUSD, on Jun 28th, mrking chng in its f distribution mchnism from th 3cr tokn. This trnsition ims to nhnc th utility of crvUSD nd smlssly intgrt th stblcoin into Curv Finncs cosystm to incntiviz usr prticiption.
Related Readings | Bhutan Surpasses El Salvador With 13,000 BTC Holdings, Says Arkham
Read more: https://www.tronweekly.com/ton-partners-with-curve-finance/
Text source: TronWeekly
