- CFMM Integration on TON
- Project Selection Process
- The Stablecoin Curve
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.
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.
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.
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.
