• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

TON Foundation and Curve Finance to Launch New Stablecoin Trading Project

user avatar

by Giorgi Kostiuk

a year ago

  1. CFMM Integration on TON
  2. Project Selection Process
  3. The Stablecoin Curve


    4. TON Foundation and Curve Finance announced a collaboration aimed at improving user experience and stablecoin trading on the TON blockchain.

    CFMM Integration on TON

    According to a press release, the CFMM formula allows stablecoin swaps with reduced price volatility and lower slippage, resulting in more efficient asset exchanges. Currently, projects seeking to use Curve Finance’s CFMM technology must acquire a license, making stable swaps on TON through the new project a significant aspect of the partnership.

    The collaboration with TON Foundation aims to improve the stablecoin trading experience on TON, making TON-based trading more accessible and accelerating blockchain adoption.Vlad Degen, DeFi lead at TON Foundation

    Project Selection Process

    The TON Foundation and Curve Finance will be selecting an 'independent team' to develop the stable swap project through a 'public and transparent' process. The selected team will have permission to implement Curve Finance’s stable swap formula into their project, with the new project’s tokens airdropped to qualified users.

    Michael Egorov, Founder of Curve Finance, will act as advisor to the selected development team, assisting with protocol mechanics and the project’s growth strategy.Vlad Degen, DeFi lead at TON Foundation

    The Stablecoin Curve

    In addition to this latest partnership, Curve Finance made a shift toward its native stablecoin crvUSD on June 28 in a fee distribution mechanism change from the 3cr token. The transition aimed to improve the utility of crvUSD and the integration of the stablecoin into Curve Finance’s ecosystem for incentivizing users.

    Users will now obtain fees in a dollar-denominated stablecoin, a simpler and more stable process.Michael Egorov, Founder of Curve Finance

    The partnership between TON Foundation and Curve Finance aims to enhance the stablecoin trading experience on the TON blockchain, making this technology more accessible and appealing to users.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

dYdX to Compensate Traders Affected by Recent Outage

chest

dYdX plans to compensate traders affected by an eight-hour chain halt during last month's market crash.

user avatarSon Min-ho

China's Central Bank to Implement Strict Anticrypto Measures

chest

China's Central Bank plans to implement strict measures against cryptocurrencies to protect economic order.

user avatarAndrew Smith

Binance Announces $400 Million Relief Fund for Affected Traders

chest

Binance has announced a $400 million relief initiative to support traders affected by the October market crash, providing $300 million in token vouchers and $100 million for ecosystem participants.

user avatarDavid Robinson

COIN FEST 2025 Set for Singapore: A Builder-First Summit

chest

COIN FEST is heading to Singapore on November 15-16, 2025, focusing on making cryptocurrency useful through collaboration among builders, operators, and users.

user avatarJacob Williams

1inch Enhances DeFi Security with Innerworks Partnership

chest

1inch has announced a strategic partnership with Innerworks to enhance security in the DeFi sector by integrating predictive AI and ethical hacking tools.

user avatarZainab Kamara

Security and Compliance in Remote FinTech Marketing

chest

Remote teams in the financial sector face unique challenges regarding security and compliance when selecting email marketing platforms.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.