Official announcements from TON Foundation or Curve Finance, and public statements from Michael Egorov

TON Foundation and Curve Finance Partner to Launch $TON Stable Swap Project on Blockchain

Sep 17, 2024, 12:06 PM

The TON Foundation has announced a partnership with Curve Finance to develop a new stable swap project on the TON blockchain. This collaboration aims to simplify stablecoin trading, boost liquidity, and improve the DeFi experience on the TON network. The project will leverage Curve Finance’s advanced Constant Function Market Maker (CFMM) technology to enhance stablecoin swaps, aiming for smoother trades and reduced price impact. Michael Egorov, founder of Curve, will be involved in the project. Teams are encouraged to build a port of Stableswap to TON with the support of both organizations. The project will operate on the $TON decentralized exchange (DEX).