TL;DR
The TON Foundation and Curve Finance have announced a collaboration to develop an innovative stablecoin swap project..
The project aims to reduce slippage and volatility in stablecoin swaps, improving liquidity and efficiency.
The collaboration responds to the growing demand for stablecoins on TON and aims to offer a more efficient trading experience.
The TON Foundation has announced a partnership with Curve Finance to develop an innovative stablecoin swap project based on the TON blockchain. This new project aims to transform the way stablecoin swaps are conducted, offering a more efficient and accessible trading experience by utilizing Curve Finance’s CFMM technology.
The project will use Curve’s Constant Function Market Maker (CFMM) technology, known for its ability to minimize the price impact during transactions between stablecoins and equivalent assets.
TON Foundation collaborates with @CurveFinance to incubate a new stable swap project on #TON!
This collaboration will simplify stablecoin trading, boost liquidity, and enhance the DeFi experience on TON.
Apply to build the project here 
https://t.co/6o4vNNdrIK pic.twitter.com/KuflHkfjrT
— TON 
(@ton_blockchain) September 17, 2024
This technology is ideal for reducing slippage and price volatility, which are critical aspects in stablecoin trading. By integrating CFMM, the project is expected to provide a significant improvement in liquidity and efficiency of operations within the TON ecosystem.
TON and Curve to Conduct Airdrop for Eligible Users
Developed by an independent team, the project will be overseen by Michael Egorov, founder of Curve Finance, who will serve as an advisor. Egorov will assist the team with protocol mechanics and growth strategies, ensuring that the project aligns with Curve Finance’s standards and meets user expectations. Additionally, a portion of the new project’s tokens will be distributed to eligible users through airdrops, including veCRV holders.
The collaboration addresses the growing demand for stablecoins on the TON blockchain, which has seen a significant increase in USDT circulation, reaching $729.9 million just four months after its launch. The partnership aims not only to meet this demand but also to improve trading conditions and foster greater adoption of the blockchain technology.
The project promises to provide an advanced solution for stablecoin swapping and also strengthen the DeFi ecosystem by offering a smoother trading experience with reduced price fluctuations.
