Last updated on October 14th, 2024 at 10:46 am
Curve Finance has teamed up with the TON Foundation to launch a collaborative hackathon focused on improving stablecoin trading and enhancing user experience on the TON blockchain.
The hackathon is scheduled to run until October 17, according to a press release published on October 11.
Participants will utilise Curve’s constant-function market maker solution to optimise swap processes and facilitate exchanges of yield-bearing tokens during the hackathon.
“The end goal is to make stablecoin trading on the TON network more accessible and improve the pace of its adoption,”
Curve Finance noted.
Curve Finance reported that over 70 teams from the TON community have shown interest in joining the hackathon, although specific names have not been disclosed.
A judging panel, featuring Curve’s founder Michael Egorov and representatives from TON, will assess the teams based on their proposed solutions for various development tasks related to the project. The top three teams will be given the chance to further collaborate with Curve and TON.
Michael Egorov, the founder of Curve Finance, expressed his enthusiasm for the hackathon, emphasizing its importance in uniting visionary developers to advance the DeFi sector. He stated that decentralized finance is a crucial evolution in the financial landscape, and initiatives like this are essential for realizing that future.
Egorov further opined that he looks forward to the innovative solutions that will emerge from the hackathon and is excited about how the creative minds in the space can elevate both Curve and TON to new heights.
This isn’t the first collaboration between Curve Finance and the TON Foundation. In September, the two partnered to enhance user experience on the TON blockchain. Their latest initiative aimed to develop a swap project that optimized stablecoin trading by utilizing Curve’s Constant Function Market Maker (CFMM) technology to reduce price slippage, leading to more efficient trading.
According to a press release, the TON Foundation and Curve Finance planned to select an independent team for the project’s development through a public process, with Michael Egorov advising on protocol mechanics and growth strategy.
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