TON Foundation Collaborates with Curve Finance to Incubate Stable Swap Project
TON Foundation and leading DEX Curve Finance will incubate a new TON-based stable swap project. This collaboration will open up new opportunities for stablecoin trading on the TON blockchain, providing a more accessible and efficient trading experience.
Leveraging Curve’s advanced CFMM technology, the project aims to simplify stablecoin swaps, enhance user experience, and minimize price impact. With Michael Egorov, founder of Curve Finance, advising the selected team, this collaboration is set to deliver a seamless, innovative DeFi solution on TON.
With USDt on TON reaching $729.9M in net circulation just four months after its launch, demand for stablecoins on TON is rapidly growing. This new initiative will meet that demand, boost liquidity, and propel the adoption of TON’s Web3 ecosystem. Details.
Interested in building the project? Apply now! Submissions are open until September 24.
TON Foundation Collaborates with Curve Finance to Incubate Stable Swap Project
TON Foundation and leading DEX Curve Finance will incubate a new TON-based stable swap project. This collaboration will open up new opportunities for stablecoin trading on the TON blockchain, providing a more accessible and efficient trading experience.
Leveraging Curve’s advanced CFMM technology, the project aims to simplify stablecoin swaps, enhance user experience, and minimize price impact. With Michael Egorov, founder of Curve Finance, advising the selected team, this collaboration is set to deliver a seamless, innovative DeFi solution on TON.
With USDt on TON reaching $729.9M in net circulation just four months after its launch, demand for stablecoins on TON is rapidly growing. This new initiative will meet that demand, boost liquidity, and propel the adoption of TON’s Web3 ecosystem. Details.
Interested in building the project? Apply now! Submissions are open until September 24.
The news also helped traders look past another report showing decades-high inflation and shake off some of the volatility from recent sessions. The Bureau of Labor Statistics' February Consumer Price Index (CPI) this week showed another surge in prices even before Russia escalated its attacks in Ukraine. The headline CPI — soaring 7.9% over last year — underscored the sticky inflationary pressures reverberating across the U.S. economy, with everything from groceries to rents and airline fares getting more expensive for everyday consumers. The last couple days have exemplified that uncertainty. On Thursday, news emerged that talks in Turkey between the Russia and Ukraine yielded no positive result. But on Friday, Reuters reported that Russian President Vladimir Putin said there had been some “positive shifts” in talks between the two sides. The Security Service of Ukraine said in a tweet that it was able to effectively target Russian convoys near Kyiv because of messages sent to an official Telegram bot account called "STOP Russian War." The account, "War on Fakes," was created on February 24, the same day Russian President Vladimir Putin announced a "special military operation" and troops began invading Ukraine. The page is rife with disinformation, according to The Atlantic Council's Digital Forensic Research Lab, which studies digital extremism and published a report examining the channel. "Your messages about the movement of the enemy through the official chatbot … bring new trophies every day," the government agency tweeted.
from sg
