Curve deploys on Etherlink, bringing major liquidity to Tezos ecosystem
Main Idea
Curve has launched on Etherlink, a Tezos-native Smart Rollup, bringing significant liquidity to the Tezos ecosystem and bridging it with the EVM ecosystem.
Key Points
1. Curve's deployment on Etherlink is the first major liquidity protocol to bridge the Tezos and EVM ecosystems.
2. Etherlink inherits key benefits from the Tezos protocol, including low transaction fees, fast finality, and on-chain governance.
3. Curve is participating in Apple Farm Season 2, a rewards initiative offering over $3 million in incentives to promote DeFi adoption on Etherlink.
4. Etherlink's network performance has improved, with TVL reaching $47.7 million and bridging times reduced from 15 days to under a minute.
5. Curve's integration provides a stablecoin and pegged asset backbone for Etherlink and Tezos, enhancing liquidity in the ecosystem.
Description
Curve, the decentralised exchange known for facilitating efficient and low-cost trading of stablecoins, pegged assets, and cross-currency pairs, has launched on Etherlink—a Layer 2 blockchain that leverages Tezos Smart Rollups and is compatible with the Ethereum Virtual Machine (EVM). Unlike most EVM-based Layer 2 solutions that operate with separate governance and upgrade frameworks, Etherlink functions as a Tezos-native Smart Rollup. This integration allows it to inherit key benefits from the ...
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