Curve Deploys on Celo

Published on: 26.11.2022
Curve Deploys on Celo

Curve.Finance, one of the largest DEXs and automated market makers deploys on Celo, the leading carbon-negative, EVM-compatible layer-1 blockchain, using fast, scalable proof-of-stake consensus.

Curve deploys on Celo to promote real-world adoption of crypto assets. The launch is a collaboration among the Celo Foundation, Curve, Stake DAO, and Stake Capital.

Partnership Highlights

Curve and Celo’s partnership dates back to August 2021, when Celo announced its “DeFi for the People” (DFTP) initiative, committing $100M to make decentralized finance (DeFi) broadly accessible to the 6.4 billion mobile phone users around the world. Curve joined DFTP as a founding member, alongside DeFi protocol Aave, DEXs Sushi and Ubeswap, and Valora wallet, among others.

On Celo, Curve joins DEX Uniswap v3, deployed in July 2022. Celo users now have access to the two largest DEXs in the world, both of which use integration with Wormhole, the cross-chain interoperability protocol, and its Portal token bridge.

Management Quote

“Curve is excited to deploy on Celo,” says Julien Bouteloup, who is part of Curve’s core team. “Celo is unique through its mobile-first design with a diverse ecosystem. And user base in regions where real-world crypto adoption is highest. Through continued, long-term collaboration, we aim to bring decentralized financial tools to the masses, such as introducing innovations through a forthcoming rewards program using Votemarket by Stake DAO.”

Built for real-world utility, including payment systems, mutual credit, universal basic income (UBI), climate solutions, and borrowing and lending. Celo boasts technical advantages from mobile optimization to the ability to pay for transaction fees using ERC-20 tokens. The Mento protocol, which provides various stable assets to users of the Celo blockchain (cUSD, cEUR, cREAL),. Aims to launch stable assets in every currency in the world.

“Curve brings greater usability to Celo,” says Nikhil Raghuveera, the Celo Foundation’s Head of Strategy & Innovation, “by making it easier for people to use and swap stable assets for real-world use cases and moving seamlessly on- and off-chain. We look forward to deepening our relationship with Curve’s ecosystem, including Stake DAO and Stake Capital. Through future gauge proposals supporting robust, decentralized Web3 infrastructure––which is needed now more than ever.”

About Celo

Celo is a carbon-negative, permissionless, layer-1 protocol with a rich ecosystem of global partners building innovative Web3 applications within the DeFi, ReFi, and NFT sectors. Accessible to anyone with a mobile phone. The Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo Protocol), the CELO native token, and several Mento stable assets (cUSD, cEUR, cREAL) that enable anyone to use digital assets like currency. Launched on Earth Day in 2020, the open source Celo mainnet supports 1,000+ projects created by developers and artists located around the world.

Website | Twitter

About CurveFinance

CurveFinance is one of the largest decentralized exchanges (DEXs). Users will be able to more easily transfer digital assets and move on- and off-chain via Wormhole’s Portal bridge.

Website | Twitter

SOURCE

https://www.businesswire.com/news/home/20221122005119/en/Curve.Finance-Launches-on-Celo

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