TON Partners with Curve Finance to Launch Stablecoin Swap Project, Reducing Slippage and Price Volatility

The TON Foundation has teamed up with Curve Finance to introduce a new stablecoin swap project on the TON blockchain. By integrating Curve’s CFMM technology, the project will reduce price volatility and slippage, enhancing the stablecoin trading experience for users. This collaboration aims to accelerate the adoption of TON and make trading more accessible.

The TON Foundation, a nonprofit organization supporting the development of The Open Network (TON) blockchain, has partnered with Curve Finance, a decentralized exchange (DEX), to bring advanced stablecoin trading solutions to the TON ecosystem. The partnership will focus on developing a stable swap project that utilizes Curve Finance’s renowned Constant Function Market Maker (CFMM) technology, which is known for minimizing price volatility and slippage during stablecoin swaps.

CFMM Integration Enhances Trading Experience

In a recent Q&A with Cointelegraph, Vlad Degen, the DeFi lead at TON Foundation, elaborated on the importance of CFMM integration for TON. He highlighted that Curve’s CFMM formula will make stablecoin trading more efficient, lowering the price impact of swaps and providing a smoother trading experience.

“The integration of Curve’s CFMM technology will make trading much more accessible to users, particularly those not yet deeply involved in the TON ecosystem,” Degen said.

According to a press release from the TON Foundation, this integration will help users trade stablecoins with reduced volatility and lower slippage, thereby facilitating more efficient asset exchanges. The partnership marks a significant milestone for the TON blockchain, as it leverages Curve Finance’s cutting-edge CFMM technology to optimize stablecoin trading.

Collaborative Development and Project Selection

As part of the partnership, Curve Finance and the TON Foundation will oversee the development of the stable swap project. An independent development team will be selected through a public and transparent process. Michael Egorov, the founder of Curve Finance, will serve as an advisor to the chosen team, assisting with the project’s technical development and growth strategy.

The selected development team will have permission to implement Curve Finance’s stable swap formula into their project, with tokens from the new project being airdropped to eligible users. This unique collaboration is expected to boost stablecoin trading on TON while accelerating the network’s adoption.

Curve Finance’s Focus on crvUSD

The partnership follows Curve Finance’s recent shift toward its native stablecoin, crvUSD. This transition, which occurred in late June, aims to simplify fee distribution by offering dollar-denominated fees to users. As Curve Finance continues to develop its ecosystem, its collaboration with TON is a strategic step to further expand its influence in the DeFi space.

As the TON and Curve Finance partnership moves forward, the integration of CFMM technology promises to enhance the trading experience on the TON blockchain, potentially attracting more users to both platforms.

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