Curve launches on Etherlink with deep liquidity

In this post:

• Decentralized exchange platform Curve has been deployed on Etherlink.
• Curve’s deployment on Etherelink gives the Tezos ecosystem access to deep stablecoin liquidity and efficient pegged asset trading. 
• The firm is also participating in Apple Farm Season 2 rewards program to encourage active use of DeFi apps on Etherlink.

Curve has deployed on the Tezos Layer 2 blockchain, Etherlink. The decentralized exchange platforms will offer deep liquidity and low slippage in trading stablecoins, pegged assets, and cross-currency pairs.

Etherlink is designed as a Tezos-native Smart Rollup, unlike most EVM L2s, which rely on separate governance and upgrade mechanisms. The firm said the L2 blockchain benefits from Tezos’ on-chain governance, low fees, and fast decision-making. 

Curve seeks to bridge Tezos and EVM ecosystems

Curve believes the deep protocol integration will position it as the major liquidity engine bridging the Tezos and EVM ecosystems. Maximilian Roszko, who leads network expansion at Curve, said a Curve deployment on Etherelink gives the Tezos ecosystem access to deep stablecoin liquidity and efficient pegged asset trading. He acknowledged that it was what made the initiative strategically interesting for the company.

Curve said it will be among the platforms participating in Apple Farm Season 2 as part of its mission to support its growth. The initiative is a rewards program designed to boost the use of DeFi apps on Etherlink. Apple Farm launched on Etherlink and has over $3 million in rewards to drive further adoption across the Layer 2 DeFi ecosystem.

Curve said the launch makes it the stablecoin and pegged asset backbone for both Etherlink and Tezos. It aims to bring liquidity to the integrated rollup and L1 pairing. The firm sees the initiative as a step towards better stablecoin infrastructure across the L2 network.

“Having Curve as our stablecoin backbone changes everything for Etherlink users. Traders can now access the deep liquidity they’re used to on mainnet, but with the speed and cost benefits of our Tezos-native rollup architecture.”

-David Relkin, Head of DeFi and Nomadic Labs.

Curve’s founder, Michael Egorov, believes the firm is poised for growth this year. He believes it will be driven by new exchanges for stablecoins pegged to different fiat currencies. He also believes that blockchain developers will cause the number of DEX and CEX stablecoin offerings to increase through the creation of new alternatives.

Etherlink sees increased ecosystem deployment

Etherlink has also seen strong ecosystem momentum, receiving several developments across its ecosystem in recent months. Midas launched two new tokens, mBASIS and mTBILL, on the Layer 2 blockchain last month.

The company said the partnership resulted in increased activity on Etherlink with enhanced staking and liquidity channels for DeFi protocols. The Etherlink team championed the initiative with a $3 million incentive for developers.

The Etherlink team said the firm’s recent launch of platforms like uranium.io and Superland partnership helps it create a robust foundation for sustained ecosystem growth. They added that the continued ecosystem announcements will stimulate growth within Tezos L2 and potentially alter DeFi tokenization landscapes with efficient, compliant solutions.

The blockchain’s network performance also surged as season 1 attracted thousands of users. Its performance peaked at $47.7M in TVL and $88.5M in on-chain asset value. Its smart contract storage speed is also improving up to 30x, and bridging times are reduced from 15 days to under a minute.