Curve Finance and TON Foundation have launched a joint hackathon aimed at supporting the development of the Stable Swap Project on the TON blockchain.
Hackathon Focused on Stable Swap on the TON Blockchain
The decentralized exchange Curve Finance and the TON Foundation have announced a collaborative hackathon focused on creating a new Stable Swap Project on the TON blockchain. According to a press release from October 11, this initiative, running until October 17, will gather development teams interested in improving stablecoin trading and enhancing the user experience within the network.
Hackathon participants will have the opportunity to work with Curve's automated market maker solution, designed to optimize token swap processes and boost trading yields. The main goal is to facilitate stablecoin trading on the TON blockchain and encourage faster adoption of this technology.
Curve Finance Looking for Blockchain Talent
Curve Finance noted that more than 70 teams from the TON community have already shown interest in joining the hackathon. A panel of judges, including Curve founder Michael Egorov and representatives from TON, will evaluate the teams based on their solutions to specific development challenges. The top three teams will have the opportunity to continue working with Curve and TON Foundation.
A Challenging Period for Curve Finance
This partnership follows a turbulent time for Curve Finance, during which its founder, Michael Egorov, experienced liquidations on several positions, causing the price of the CRV token to drop by 30%. This decline had a ripple effect throughout the ecosystem, as CRV serves as a trading pair and collateral in various liquidity pools. For instance, an address on the Frax Lend protocol faced $3.3 million in liquidations due to the falling CRV price.
Curve Finance History
Founded in 2020, Curve Finance has attracted significant investment from major players such as Binance Labs and Platinum Capital VC. The platform focuses on improving stablecoin trading through its efficient automated market maker, making it a key player in the DeFi ecosystem.

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EYWA and Curve Partner to Tackle Liquidity Fragmentation Decentralized Finance (DeFi) is a transformative sector, democratizing finance and changing how we think about money.The industry is not without problems, however. Even with rapid growth and increased popularity, DeFi has challenges that must be overcome if the industry is ever to reach its full potential. One of the most persistent of these issues is the fragmentation of liquidity, which had seemed intransigent until recently. But a collaboration between EYWA and #CURVE has found a solution to eradicate this once persistent roadblock for good.A longstanding problemThe fragmentation of liquidity has been a problem for DeFi since day one.This fragmentation creates friction points for business and retail crypto users, spreading the money too thinly as each protocol must maintain its own liquidity pools. This thin spread of liquidity makes pools more shallow than ideal, creating pain points and eating away at users' trading profits through slippage.The need to move money around the system to counteract the shallow liquidity problem means that cross-chain bridges have proliferated in the last couple of years, but the bridges are siloed solutions operating independently of each other, so users may have to hop from one to another in order to move liquidity around.These issues are precisely the reason why cross-chain specialists EYWA partnered with the Curve to deliver CrossCurve, a cross-chain trading and yield protocol that aggregates existing Curve pools.CrossCurve solves the problem of liquidity fragmentation where Curve is present, enabling liquidity providers to pursue higher yields. Supported by Curve’s deep liquidity pools, CrossCurve provides enterprises and retail customers with near-limitless liquidity.In fact, CrossCurve connects over $2 billion dollars of liquidity from different blockchains into its unified cross-chain market. Michael Egorov, the Founder of Curve Finance explained why CrossCurve is such a landmark development for the entire sector.“EYWA builds a very interesting solution: it's not just your typical bridge. They solve the problem of liquidity fragmentation between chains by creatively composing Curve metapools and the actual bridge,” says Egorov. “Having one liquidity pool working across multiple chains sounds like magic, and it is exciting to have Curve AMMs in the core of this magic.”A successful funding roundA cross-chain bridge may sound ‘like magic’ as Egorov puts it, but based on his recent investment activities, it’s a kind of magic he most definitely believes in.The launch of CrossCurve comes following a successful $5 million funding round in which Curve’s Egorov was lead investor. Other notable backers include Big Brain Holdings, Mulana Capital and Mapleblock Capital.With considerable capital to back the furtherment of EYMA’s ambitions, the project is set for success. CrossCurve is the culmination of all of EYWA’s efforts, transforming the platform into the Consensus Bridge. This transformation positions EYWA as the pathway to secure, multi-protocol transactions, which will further advance its role in the DeFi ecosystem for years to come.This can only be achieved through the integration of a number of cutting-edge technologies and best-in-class protocols.Consensus draws on multiple bridges including LayerZero, Axelar, Wormhole and Chainlink to offer users the most granular level of control possible. The innovation spells an end for single bridge limitations, enabling greater user choice and control when moving large liquidity positions.A collaborative affairCrossCurve is the brainchild of Boris Povar, a mathematician-programmer by training with significant experience in blockchain and crypto. Povar is a portfolio investor, trader, and blockchain analyst who leads the AUM asset-management fund.Povar and Curve founder Egorov will now work together to pursue their shared ambition of overcoming DeFi’s most persistent problems.https://x.com/eywaprotocolhttps://eywa.fi#binance #BTC #TrendingTopic