The Equilibrium platform has begun work on implementing Curve Finance on Polkadot.
“Equilibrium will cooperate with Curve Finance to provide users of the platform and the Polkadot ecosystem with a Curve automated market maker version on [simple_tooltip content=’The framework developed by Parity Technologies director Gavin Wood. It underpins the Polkadot interoperability protocol.’]Substrate[/simple_tooltip],” the project blog reports.
Curve Finance is one of the largest decentralized-finance services on Ethereum. By value of assets locked in smart contracts, the project sits fourth on DeFi Pulse’s ranking.
Launched in January 2020, the protocol enables swapping stablecoins such as USDC and USDT with minimal slippage.
“We are pleased to see how demand for liquidity in stablecoins is driving forward the development of technological solutions based on alternative networks,” said Curve Finance head Mikhail Yegorov.
The push to cross-chain solutions linking Ethereum with Polkadot and Avalanche is underway amid a sharp rise in fees on the network of the second-largest cryptocurrency.
Cost of typical operations in the Ethereum ecosystem. Data: Dune Analytics.
Also involved in scaling Ethereum is Matic Network (rebranded as Polygon). In addition to Matic PoS Chain and Matic Plasma Chains, developers are implementing support Optimistic Rollups, ZK-Rollups and Validium, to effectively make Polygon an aggregator of such L2 solutions.
At the end of last year the lending project Compound announced the launch of Compound Chain — a protocol designed to enable interaction of assets across different blockchains.
Earlier ForkLog reported that Polkadot surpassed XRP in market capitalization from Ripple.
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