TON Partners with Curve Finance to Launch Stablecoin Swap Project
TON Foundation partnered with Curve Finance on September 17 to develop a stablecoin swap project on the TON blockchain.
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TON Foundation partnered with Curve Finance on September 17 to develop a stablecoin swap project on the TON blockchain.
The TON Foundation has teamed up with decentralized exchange Curve Finance to foster a novel TON-based stable swap project. This initiative is set to facilitate enhanced stablecoin trading on the TON blockchain.
TL;DR The TON Foundation and Curve Finance have announced a collaboration to develop an innovative stablecoin swap project.. The project aims to reduce slippage and volatility in stablecoin swaps, improving liquidity and efficiency. The collaboration responds to the growing demand for stablecoins on TON and aims to offer a more efficient trading experience.
TON Foundation is collaborating with decentralized finance (DeFi) protocol Curve to launch and develop a stablecoin swap project on The Open Network (TON) blockchain.
The TON Foundation has announced a partnership with Curve Finance to incubate a new TON-based stable swap project.
The TON Foundation and Curve Finance have announced a new collaboration to incubate a stable swap project on the TON blockchain, according to a Sept. 17 statement shared with CryptoSlate.
The partnership introduces Curve Finance's CFMM technology to TON, optimizing stablecoin swaps with reduced price volatility and slippage.
Starknet implements dynamic minting for STRK tokens, balancing staking incentives and token supply with community backing.
Transaction volume in Ethereum decentralized exchanges bounced back even as cryptocurrency prices retreated. Ethereum DEX had robust activity According to DeFi Llama, the volume in Ethereum (ETH) rose by 18% to $9.88 billion as that in other chains retreated.
The DAO community governing Curve finance is on the verge of approving a 21 million CRV (about $6 million) 1-year funding proposal from Swiss Stake AG, Curve Finance's lead development team headed by the protocol's founder Michael Egorov.
TL;DR DWF Labs has sold its entire Curve DAO (CRV) token at a loss of 17.5%. CRV price has fallen by more than 45% so far this year and has dropped out of the top 100 cryptocurrencies. Curve DAO founder has requested additional funding to continue developing the platform.
DWF labs offloaded all of its over-the-counter bought Curve DAO Token (CRV) to Binance, booking a loss of 17.5%. The crypto trading firm acquired the CRV tokens it liquidated from Curve's founder, Michael Egorov, at around $0.40 during last year's liquidation fiasco.
CRV has successfully retested the breakout level, and now targets new highs at $0.5.
Curve DAO members have raised concerns over a recent proposal by Curve Finance founder Michael Egorov, who has requested 21 million CRV tokens, valued at approximately $6.3 million, to support ongoing development efforts.
Michael Egorov, the founder of Curve Finance, introduced a governance proposal on Monday requesting substantial funding to support ongoing development through his company Swiss Stake AG.
Curve Founder Michael Egorov seeks funding for his company in a proposal marks a departure from Curve DAO's usual operations.
Curve founder Michael Egorov has proposed a 21 million CRV grant to fund Swiss Stake AG's ongoing development and research efforts and is seeking community support for the initiative.
A decentralized finance (DeFi) altcoin is outperforming the broader crypto market this week, sparking a 30% surge amid inflation rate cuts.
In a notable development for the decentralized finance (DeFi) space, the Curve DAO Token (CRV) has experienced a significant price surge after a substantial reduction in token inflation. CRV's inflation rate has dropped to 6.35%, a marked decrease from previous levels.
Curve DAO Token (CRV) has experienced a 10% increase in the past 24 hours following a reduction in its inflation rate to 6.35% on Monday.
The Curve DAO price rose for the second consecutive day after developers reduced the token emissions. Curve (CRV) token jumped to a high of $0.
Despite these gains, it is important to note that CRV is still far from its all-time high of $60.50, a peak it reached in August 2020.
TL;DR CRV Emissions Reduced: Curve Finance has reduced CRV token emissions for the fifth consecutive year, lowering the total supply to 2.09 billion, with 930 million tokens locked as veCRV. Sustainability Milestone: For the first time, Curve DAO earnings have exceeded CRV emissions, marking a significant step towards sustainability.
The high open interest amid negative funding rates suggests an increase in short positions.