Curve Finance, a well-known player in decentralized finance, has announced its launch on the Etherlink platform, based on the Tezos blockchain. This event represents a strategic move that opens up new opportunities for users across both ecosystems.
Creating a Bridge Between Tezos and Ethereum
The launch of Curve Finance on Etherlink is more than just an introduction of a new platform; it is a strategic bridge between two major blockchain networks. Etherlink, being a Tezos-native Smart Rollup, benefits from Tezos’s fast and low-cost network along with on-chain governance. Curve believes this strong connection will make it a key player in bringing the worlds of Tezos and Ethereum closer together.
Benefits for Traders
The partnership between Curve and Etherlink is significant for traders. Curve Finance is known for its efficient trading of stablecoins and other pegged assets. By launching on Etherlink, Curve provides the Tezos community access to a large pool of stablecoin liquidity, making trading smoother with less slippage. In this context, David Relkin from Nomadic Labs stated: 'Having Curve as our stablecoin backbone changes everything for Etherlink users.'
Future of Etherlink and Support from Curve Finance
The launch of Curve Finance is also part of Etherlink’s Apple Farm Season 2 initiative, aimed at attracting new users and developers to the ecosystem. With over $3 million in rewards available, the goal is to expand the user base. The addition of Curve is expected to further foster the growth of Etherlink, which has recently been experiencing rapid development, improving network performance and reducing transaction times.
The arrival of Curve Finance on Etherlink is anticipated to be a significant step towards creating a more interconnected and robust DeFi ecosystem, opening new horizons for traders and developers.
