Ton cooperates with Curve Finance for a tone-based stable coin swap project

• The TON Foundation works with Curve Finance to start a StableCoin Swap project.
• The StableCoin SWAP project will use the CFMM technology from Curve to reduce volatility and slippage at sound stable coin trades.
• The project is developed by an independent team under Michael Egorov from Curve.

The TON Foundation has teamed up with Curve Finance, a decentralized stock exchange (Dex), to start a tone-based stable swap project. In a blog post When announced by the partnership, the tone foundation, a non-profit organization that was the further development of the open Network (sound) Dedicated to make them an important step to make the trade with stable coins more accessible.

The new Stable SWAP project based on tone aims to improve the trade experience for stablecoin swaps on the blockchain of The Open Network using the Constant Function Market Maker (CFMM) technology from Curve Finance.

Reduction of slipping and price volatility when trading with stable coins

This partnership is particularly remarkable, since for projects that want to use Curve Finance's technology, a license is usually required.

By integrating CURVE FINANCE, which is known to minimize the price influences for swaps between stable coins and equivalent assets, the tone-based stable swap project should offer users more efficient and more smoothly.

This will improve liquidity and reduce price volatility and slipping for stable coin trades within the sound ecosystem.

With the offer of this innovative Stable Swap solution, the TON Foundation would like to promote the broader acceptance of its blockchain and at the same time accelerate the growth of the stable coin trade.

founder of curve finance monitors the development of the project

The project is developed by an independent team that is selected in a transparent procedure. The founder of Curve Finance, Michael Egorov, will act as a consultant.

The selected team will support

eGorov in protocol mechanisms and growth strategies.

The independent team also grant the rights to implement CFMM formula from Curve in the new stable SWAP project, whereby part of the tokens of the project is distributed to authorized users via airdrop.

The stable-swap initiative based on sound marks a milestone in the expansion of both platforms and underlines the importance of stablecoins and low-lip-lip trading in the developing defect landscape.