As a seasoned crypto investor with a knack for spotting promising projects, I find the collaboration between Curve Finance and TON Foundation intriguing. Having witnessed the turbulent times Curve Finance has faced recently, it’s refreshing to see them bounce back with this innovative initiative. The Stable Swap Project on the TON blockchain could potentially revolutionize stablecoin trading, making it more accessible and speeding up adoption.
As a researcher, I’m excited to be part of the collaboration between Curve Finance and the TON Foundation, as we embark on a shared journey to accelerate the development of our Stable Swap Project on the TON blockchain through a joint hackathon.
Curve Finance and the TON Foundation are teaming up to organize a coding competition focused on creating a new type of stable coin swap system within the TON blockchain.
From October 11th until October 17th, this initiative invites developer teams focused on improving stablecoin trading and user experience within the network. During this hackathon, participants can utilize Curve’s market maker solution, which optimizes swap processes and streamlines yield-bearing token exchanges by designing constant functions.
Our aim is to simplify and speed up the process of trading stablecoins on the TON network, making it easier for more people to use and adopt this platform.
Curve Finance
Curve seeks blockchain talents to work on TON
70 teams from the TON community have shown interest in joining Curve Finance’s project, even if their identities remain unnamed. A group of judges, featuring Michael Egorov, founder of Curve, and representatives from TON, will assess these teams based on their proposed solutions to development tasks relevant to the project. The top three teams will be given the chance to collaborate further with Curve Finance and TON on their projects.
After a challenging phase for Curve, Egorov underwent substantial liquidation events across various positions, causing a 30% decline in the value of the CRV token. This series of liquidations spread throughout the system, as CRV is utilized as a trading asset and collateral in diverse liquidity pools. To illustrate, an account on the Frax Lend platform encountered $3.3 million in liquidations due to falling CRV prices.
Established in 2020, Curve Finance has attracted significant investment from well-known backers such as Binance Labs and Platinum Capital VC. Their goal is to improve the smooth trading of stablecoins using their automated market maker system, as reported by PitchBook data.
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2024-10-11 16:10