TRON DAO Ventures Invests $2 Million in CRV Tokens, Partners with Curve
TRON DAO Ventures, the investment arm of TRON DAO, has recently purchased $2 million worth of CRV tokens. This strategic partnership will see Curve, a decentralized exchange known for its automated market makers (AMMs) for stablecoin trading, launch on both the TRON and BTTC networks. Here are the key points:
– Curve is currently the world’s second-largest decentralized exchange (DEX) and the largest DEX for stablecoin trading.
– TRON founder Justin Sun expressed his support for Curve after a recent hack and highlighted its importance in the DeFi space.
– TRON forged a partnership with Curve and introduced a stUSDT pool on the platform, which has already surpassed $700 million in total value locked (TVL).
– TRON DAO Ventures’ investment in Curve demonstrates TRON’s commitment to supporting the ecosystem both through collaboration and financial backing.
– The collaboration between TRON, BTTC, and Curve is expected to generate synergies and further develop TRON’s DeFi ecosystem.
The partnership between Curve and BTTC will also contribute to the growth of DeFi ecosystems, particularly DEX platforms. BTTC, as the industry’s first cross-chain interoperability protocol, enables seamless dApp development across different blockchains. With the support of TRON and BTTC, Curve is poised for a rapid rebound, leading to a more vibrant DeFi ecosystem in the crypto industry.
About TRON DAO
TRON DAO is a community-governed DAO focused on decentralizing the internet through blockchain technology and dApps. Founded by Justin Sun in 2017, the TRON network has achieved significant milestones, including integrating BitTorrent and becoming the largest circulating supply of USD Tether (USDT) stablecoin. TRON has gained traction with over 179 million user accounts, 6.26 billion transactions, and $13.01 billion in TVL. It is now a community-governed DAO and was designated as the national blockchain for the Commonwealth of Dominica.
About Curve
Curve Finance, founded by Michael Egorov in 2020, is a DEX built on an AMM model. It specializes in trading stablecoins and synthetic assets across multiple chains, including Ethereum, Fantom, Polygon, Avalanche, Arbitrum, and Optimism.
Hot Take
TRON DAO Ventures’ investment in Curve and the partnership with BTTC are significant steps towards expanding TRON’s DeFi ecosystem. By integrating with established platforms like Curve and leveraging the cross-chain functionality of BTTC, TRON aims to drive innovation and create a more inclusive DeFi environment. This collaboration has the potential to benefit both TRON and Curve, leading to a more vibrant and secure crypto industry.
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