The joint project to start a new stable swap project on the TON blockchain will use Curve’s CFMM technology. As little change as possible in prices during deals is what the main goal is to make stablecoin trade as efficient as possible. Vlad Degen, who runs DeFi at the TON Foundation, said that adding Curve’s technology will make it easier for people who are new to the setting to trade.
Made swaps easier and cut down on slippage
A lot less price changes and loss happen during swaps with Curve Finance’s CFMM technology, which makes stablecoin deals go more easily. This relationship sees this technology as an important part of the TON blockchain. This is especially true since Curve’s CFMM technology is licensed, which makes the TON setting better in its own way.
The deal aims to make it easier for people to deal stablecoins on the TON blockchain, which will also speed up the platform’s growth. This project should also make it easier to sell things and increase the number of stablecoins and other similar goods that can be sold.
A clear way to pick jobs
Two different groups, the TON Foundation and Curve Finance, will choose a leader for the stable swap project. To make sure that everyone has a chance to win and is held accountable, this choosing process will be open to everyone. Curve Finance’s founder, Michael Egorov, will help the picked team plan their approach and come up with appropriate protocols.
The picked team will be able to add Curve Finance’s safe swap formula to the project and give some of the new coins to users who meet the requirements. TON’s main goal is to get more people to use its blockchain setting and make trade easier for its fast growing community. This move helps reach that goal.
A bigger change to how people use stablecoins
Curve Finance just moved to its own stablecoin, crvUSD. This partnership is part of a bigger change that took place lately. If the fees are changed, we think that crvUSD will be more useful and fit in better with Curve’s setting. This will make the process more stable and simple to use.
