Curve is implemented on Etherlink, the layer 2 of Tezos, becoming its first major liquidity engine. Specifically, this implementation provides the Tezos ecosystem with access to deep stablecoin liquidity and efficient trading of pegged assets.
Curves and implementation on Etherlink: the new combo in DeFi
Curve Finance, the famous DEX with a focus on trading stablecoins, pegged assets, and more efficient cross-currency pairs, has been implemented on Etherlink, the layer 2 of Tezos.
Etherlink is an EVM-compatible blockchain powered by Tezos Smart Rollups and is an open governance. This ensures that the evolution of the protocol reflects the consensus of the community, making Etherlink a solid and resilient base for DeFi innovation.
Having said that, thanks to this integration, Curve becomes the first major liquidity engine connecting the Tezos and EVM ecosystems, through Etherlink.
In this regard, Maximilian Roszko, head of network expansion at Curve, commented:
“Above all, the implementation of Curve on Etherlink provides the Tezos ecosystem with access to deep stablecoin liquidity and efficient trading of pegged assets. This is what makes this launch strategically interesting for us.”
Not only that, Curve becomes the backbone of stablecoins and pegged assets for both Etherlink and Tezos, bringing deep liquidity to a uniquely integrated rollup and the L1 coupling.
Curves and Etherlink: the liquidity of the DeFi mainnet with the advantages of rollup and speed of Tezos
Another advantage of this integration Curve on Etherlink, would be obtained directly by the traders. This is according to David Relkin, Head of DeFi at Nomadic Labs, who commented as follows:
“Having Curve as the backbone of our stablecoins changes everything for Etherlink users. Traders can now access the deep liquidity they are accustomed to on the mainnet, but with the speed and cost advantages of our native Tezos rollup architecture.”
Not only that, to support its growth, Curve is one of the platforms participating in Apple Farm Season 2, a rewards program designed to encourage active use of DeFi apps on Etherlink. Apple Farm is now live, launched on Etherlink with over 3 million dollars in prizes to promote further adoption in the expanding Layer 2 DeFi ecosystem.
Last year, Curve had formed another important strategic partnership for the world of DeFi, exactly with Ton Foundation. In practice, the combination of these two forces in the crypto landscape was seen as an opportunity to simplify the exchange of stablecoins, improve the user experience, and reduce fees.
The latest news on Etherlink
Just last month, Etherlink made headlines with some of its crypto news. The most important was the announcement of the expansion of Midas, the institutional-level tokenization platform, on Etherlink.
In practice, Midas has introduced two new flagship products on the Etherlink mainnet: mMEV and mRe7YIELD.
This collaboration has brought Midas’s compliant tokenization infrastructure into one of the fastest and most cost-effective layer 2 environments. In this way, access to modular and regulated tokens for DeFi applications is facilitated.
Another novelty concerns the gaming sector, which has seen Etherlink as the blockchain chosen by Distinct Possibility Studios for the launch of AAA Shooter “REAPER ACTUAL”. The Studio is led by the famous John Smedley, co-creator of genre games like EverQuest.
And Smedley himself stated that Tezos and Etherlink are indispensable for offering an innovative digital ownership experience within the game. The ones to benefit, Smedley continues, are primarily the players.