TRON DAO Ventures Invests $2M in CRV Tokens, Curve to Launch on TRON and BTTC Networks
TRON DAO Ventures, the investment arm of TRON DAO, has purchased $2 million worth of CRV tokens, solidifying a strategic partnership with Curve. As part of this collaboration, Curve will be launched on both the TRON and BTTC networks. Here are the key points:
1. Curve is a decentralized exchange known for its automated market makers (AMMs) tailored for stablecoin trading. It is currently the second-largest decentralized exchange (DEX) globally and the largest DEX for stablecoin trading.
2. TRON founder Justin Sun expressed support for Curve after a recent hack targeting the platform. He emphasized the importance of strengthening security measures in the decentralized ecosystem.
3. TRON and Curve forged a partnership, introducing a stUSDT pool on the TRON platform. stUSDT is a rebase real-world asset (RWA) protocol on the TRON blockchain, similar to China’s Yu’E Bao money market fund.
4. TRON DAO Ventures invested in Curve to provide financial support and further develop TRON’s DeFi ecosystem. Curve will integrate with both the TRON and BTTC networks as part of the partnership.
5. The collaboration between TRON, BTTC, and Curve aims to generate synergies for the industry, fuel the growth of DeFi ecosystems, and promote an inclusive ecosystem open to everyone.
The backing of TRON and BTTC is expected to drive a rapid rebound for Curve and contribute to a more vibrant DeFi ecosystem in the crypto industry.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and dApps. Founded in 2017 by Justin Sun, the TRON network has gained significant traction, with over 179 million total user accounts, billions of transactions, and billions of dollars in total value locked (TVL). TRON is now a community-governed DAO and has been designated as the national blockchain for the Commonwealth of Dominica.
About Curve
Curve Finance, founded by Michael Egorov in 2020, is a decentralized exchange focused on AMMs. It specializes in trading stablecoins and has expanded its presence across multiple chains, including Ethereum, Fantom, Polygon, Avalanche, Arbitrum, and Optimism.
Hot Take
TRON DAO Ventures’ investment in Curve and the partnership with TRON and BTTC will contribute to the growth and development of the DeFi ecosystem. This collaboration will enhance the functionality and accessibility of decentralized exchanges, benefiting crypto users and fostering innovation in the industry.
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