The TON Foundation has teamed up with Curve Finance to create a new stable swap project on The Open Network (TON) blockchain. The cooperation
aims to enhance user experience and stablecoin trading on the TON blockchain by working together to “incubate a new TON-based stable swap project.”
This project will use Curve Finance’s Constant Function Market Maker (CFMM) technology, which is known for making stablecoin swaps more efficient by reducing price impact and slippage. This means users will experience less price volatility and smoother transactions when trading stablecoins on TON. Michael Egorov, the founder of Curve Finance, will advise the selected team on how to implement the technology and grow the project. Additionally, the project will distribute tokens to qualified users through an airdrop.
The integration of Curve Finance’s Constant Function Market Maker (CFMM) formula into the TON blockchain will enable more efficient stablecoin swaps by minimizing price volatility and reducing slippage. This ensures smoother and more stable asset exchanges for users.
Typically, projects need to obtain a license to use Curve Finance’s CFMM technology, making this partnership a significant development for TON. The collaboration is focused on improving the stablecoin trading experience, making it more accessible for users and driving faster adoption of the TON blockchain.
This new venture follows Curve Finance’s recent shift to using its own stablecoin, crvUSD, which aims to simplify fee distributions and enhance its ecosystem. The collaboration with Curve Finance is expected to make trading on the TON blockchain more accessible and help accelerate its adoption