Partnership Announcement

The TON Foundation, a nonprofit supporting the TON blockchain, has announced a partnership with decentralized exchange Curve Finance. The two organizations will collaborate to "incubate a new TON-based stable swap project" to improve stablecoin trading on the TON network.

CFMM Integration

The new TON-based swap project will use Curve Finance's Constant Function Market Maker (CFMM) technology, known for minimizing price impact and slippage on stablecoin and equivalent asset swaps. This integration will make stable swaps on TON a notable feature of the partnership.

Project Development

The TON Foundation and Curve Finance will select an independent team to develop the stable swap project through a "public and transparent" process. The selected team will have permission to implement Curve's stable swap formula and receive an allocation of the new project's tokens for qualified users.

Implications

According to TON Foundation's DeFi lead Vlad Degen, the CFMM integration will allow for stablecoin swaps with reduced price volatility and lower slippage, resulting in more efficient asset exchanges on the TON blockchain.

Significance

The partnership between TON and Curve Finance marks a significant development in the crypto ecosystem, as it brings Curve's well-regarded CFMM technology to the TON network, potentially enhancing the user experience and liquidity for stablecoin trading on the platform.

Source: https://cointelegraph.com/news/ton-foundation-curve-finance-stablecoin-swap-collaboration

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