Curve Finance Launches on Moonbeam Bringing More Than $16 Billion of Liquidity to Polkadot


Curve Finance, the largest Total Value Locked (TVL) DeFi protocol, has officially launched on Moonbeam.

This is the first protocol of this size and value to go live on Moonbeam, the EVM-compatible parachain launched on Polkadot earlier this year.

Moonbeam and Curve Light Up Polkadot’s Ecosystem with $16 Billion in Liquidity

Since its launch in early January, Moonbeam has seen a massive spike in activity. Dozens of DeFi projects have chosen Moonbeam as their launch pad to leverage the Polkadot ecosystem, using the platform to redeploy Ethereum-based dApps into Polkadot with almost no changes.

However, none of the protocols currently used on Moonbeam come close to the platform’s newest addition: Curve Finance.

Curve Finance is the largest DeFi protocol by total value, with more than $19.65 billion worth of TVL across eight blockchain networks. Of the $19.65 billion, more than $16.93 billion is locked up in Ethereum, making it Curve’s largest market.

Curve’s bet on Moonbeam means the wider Polkadot ecosystem will gain access to its value on Ethereum. Polkadot’s high latency and low transaction costs, as well as the ease of implementing Solidity contracts, make it a good alternative to the often crowded and always expensive Ethereum.

The AMM platform has become a leader in the DeFi space thanks to its unique approach to providing liquidity. Unlike similar AMMs such as Uniswap and Balancer, Curve only offers liquidity pools made up of assets that behave in the same way, such as stablecoins or packaged tokens. This has enabled Curve to offer extremely low rates, very little slippage and reduce the risk of temporary loss.

Posted in: Polkadot, DeFi

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