TON Announces Partnership with Curve to Build Stablecoin Bridge

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TON Announces Partnership with Curve to Build Stablecoin Bridge
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The TON Foundation, a non-profit organization responsible for the development of The Open Network (TON) blockchain, has announced a strategic partnership with Curve Finance, one of the largest decentralized exchanges (DEX) on the market.

The goal of the alliance is to launch an innovative stable swap project based on TON, powered by Curve technology. The focus will be on optimizing stablecoin transactions.

The collaboration represents an important step towards making stablecoin trading more accessible and efficient within the TON ecosystem.

According to an official statement sent to Todaysgist, this project is a solution that will reduce price volatility and slippage (the difference between the expected value of a transaction and the value actually realized) in stablecoin exchanges. This reduction will provide a more fluid trading experience for users.

Technology for stablecoins

One of the project’s main differentiators is the integration of Curve Finance’s Constant Function Market Maker (CFMM) technology. The solution helps minimize price impacts when trading stablecoins and equivalent assets. This technology will be implemented directly on the TON blockchain, offering greater liquidity and lower volatility in stablecoin transactions.

Curve Finance’s use of CFMM technology usually requires a license. However, the partnership with the TON Foundation will allow the project to not have this limitation. This makes the project even more unique and promising within the DeFi (decentralized finance) universe.

Furthermore, the TON-based stable swap project promises to not only improve the efficiency of stablecoin transactions but also accelerate the adoption of the TON blockchain in the global market. The TON Foundation expects this solution to attract new users and increase the trading volume on the network.

The project will be developed by an independent team, selected through a transparent process. Curve Finance founder Michael Egorov will serve as a consultant to the project, ensuring that best practices are applied in the development of the protocol and the execution of growth strategies.

The project will also have an airdrop program for eligible users, strengthening community engagement with the new stable swap solution. This approach aims to foster the use of the protocol. In addition, it seeks to reward users who support the expansion of TON and Curve Finance.

TON Announces Partnership with Curve to Build Stablecoin Bridge

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TON Announces Partnership with Curve to Build Stablecoin Bridge

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TON Announces Partnership with Curve to Build Stablecoin Bridge

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TON Announces Partnership with Curve to Build Stablecoin Bridge

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