Curve Finance and TON Partner to Advance Stablecoin Trading

Curve Finance and the TON Foundation have launched a joint hackathon to accelerate the development of their Stable Swap Project on the TON blockchain. The decentralized exchange (DEX) and TON Foundation announced the collaboration to enhance stablecoin trading using Curve’s constant-function market maker (CFMM) technology, which optimizes swap processes and supports yield-bearing token exchanges.

The hackathon, running until October 17, will attract developer teams focused on improving the user experience and the adoption of stablecoin trading on the TON network. According to an October 11 press release, over 70 teams from the TON community have already shown interest in participating. These teams will be evaluated by a panel that includes Curve Finance founder Michael Egorov and representatives from TON.

The top three teams will be offered the opportunity to continue working with Curve and TON on this initiative. The collaboration marks a significant move for Curve Finance as it seeks to expand its influence within the decentralized finance (DeFi) space. This partnership comes on the heels of a turbulent period for Curve, where Egorov faced significant liquidations, leading to a 30% drop in the price of the Curve DAO token (CRV). The liquidations had wide-reaching effects across the DeFi ecosystem, impacting various liquidity pools.

Curve Finance, founded in 2020, has attracted funding from major investors such as Binance Labs and Platinum Capital VC. It continues to focus on optimizing stablecoin trading through its automated market maker platform.

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