CRV and TON Strengthen Positions Thanks to DeFi Hackathon by Curve Finance and TON Foundation

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2 hours ago

Toncoin (TON) and Curve DAO Token (CRV) are showing bullish trends following the joint hackathon launch by Curve Finance and TON Foundation, aimed at advancing DeFi.

Hackathon Drives Momentum for CRV and TON

The joint hackathon involves integrating Curve Finance’s CFMM into the TON blockchain. The collaboration aims to reduce price volatility and slippage in stablecoin swaps. Over 70 developer teams are competing to present the best solutions. Curve Finance founder Michael Egorov and other representatives will select the top three teams.

According to Michael Egorov, this hackathon is a crucial opportunity to improve stablecoin trading on decentralized platforms.

Toncoin and CRV Price Action

At the time of writing, Toncoin is trading at $5.228, showing signs of recovery. Curve DAO Token (CRV) is trading at $0.2625, stabilizing after a long downtrend. Breaking above the $0.265 resistance could trigger an uptrend.

Recent Challenges at Curve Finance

Recently, Curve Finance has faced several challenges, including a 30% price drop in CRV due to liquidations. The platform focuses on new partnerships and innovations, like the crvUSD stablecoin, for reducing liquidity risks and improving stability.

The hackathon by Curve Finance and TON Foundation is a significant step towards enhancing DeFi trading, boosting confidence in CRV and TON among investors and developers.

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