TON Foundation and Curve Finance Collaborate to Launch Stablecoin Swap Project 

• TON Foundation partners with Curve Finance to launch a stable swap project, improving stablecoin trading on the TON blockchain. 
• The collaboration leverages Curve’s CFMM technology, simplifying stablecoin swaps and minimizing price impact for a better user experience. 
• An independent team will build the project with community input, advised by Curve’s Michael Egorov, to boost stablecoin trading on TON. 

The TON Foundation has announced a strategic partnership with Curve Finance, a well-known decentralized exchange (DEX). The collaboration aims to incubate a new stablecoin swap project on the TON blockchain, enhancing stablecoin trading efficiency. 

The project leverages Curve’s constant-function market maker (CFMM) technology, widely known for improving decentralized finance (DeFi) operations. By integrating this technology into TON, the project seeks to make stablecoin swaps smoother and reduce price impacts during trading. This partnership marks a significant step forward in expanding TON’s stablecoin trading ecosystem.

Curve’s CFMM Technology to Optimize Stable Swaps 

Curve Finance’s CFMM technology has already revolutionized stablecoin trading by minimizing slippage and ensuring stable prices. The upcoming TON-based stablecoin swap project will apply this technology, allowing users to experience seamless trades. Michael Egorov, founder of Curve Finance, will advise the selected independent development team that will build the project. 

Besides simplifying stablecoin swaps, the partnership will expand TON’s ecosystem by attracting more assets and stablecoins from other blockchains. With the growing demand for stablecoins on TON, this project will deliver enhanced liquidity, making the TON blockchain more appealing to users. 

Independent Team to Lead Development 

The TON Foundation and Curve Finance will jointly select an independent team to develop the project. This selection process will involve input from the TON community to ensure transparency. The team will implement Curve’s stable swap formula, which has proven highly successful in the DeFi space. 

Besides development support, the project will distribute its tokens to such participants such as veCRV, through airdrops, to encourage the members to continue using the services. This initiative is in line with TON’s strategic vision of establishing a sustainable blockchain environment that is powered by users.

Rising Trend of Stablecoins in TON

The circulation of the USDT on the TON has been on the rise with volume touching $729 over the last few months. nine million people within four months after the launch of the platform. With the growth of the number of assets and the increased use of stablecoins, the cooperation between TON-Curve will look to fill this demand with enhanced liquidity and trading of stablecoins.