Disclosure Today
  • Home
  • Business
  • Gaming
  • Crypto
Saturday, June 10, 2023
No Result
View All Result
  • Home
  • Business
  • Gaming
  • Crypto
No Result
View All Result
Disclosure Today
No Result
View All Result
Home Crypto

Curve Finance Launches on Moonbeam

Brooks Butler by Brooks Butler
February 14, 2022
in Crypto
0
24
SHARES
800
VIEWS
Share on FacebookShare on Twitter

Moonbeam won its Polkadot parachain slot auction for 35 million DOT tokens, which was worth around $1.4 billion in November.

Key Takeaways
Curve Finance has integrated with Moonbeam.
Those in the Polkadot ecosystem will have access to the vast majority of Curve’s markets, since Moonbeam is Ethereum-compatible.
Curve Finance is the largest decentralized finance protocol by total value locked, and Moonbeam was the first parachain to go live on Polkadot.
Curve Finance, has expanded its decentralized finance protocol to the Ethereum-compatible Polkadot parachain, Moonbeam. 

Moonbeam Used to Expand Cross Chain The Polkadot ecosystem has gained access to the largest decentralized finance protocol by total value locked, just shy of $20 billion. 

Today, Curve Finance launched on Moonbeam, which allows Ethereum decentralized applications to be deployed onto Polkadot with relative ease. 

While Curve Finance supports eight different blockchain networks, Ethereum is by far its largest, representing $16.66 billion out of its $19.36 billion in total value locked, according to DeFiLlama. This means that users in Polkadot’s ecosystem has gained access to over $16 billion in liquidity via Curve Finance’s Ethereum markets. 

Curve Finance is an automated market maker designed for efficient stablecoin swapping, and it allows liquidity providers to earn fees. The Curve protocol also has an influential and popular vote-escrowed tokenomics model that, earlier this month, Balancer proposed adopting in some form. This vote-escrowed tokenomics model causes protocols to attempt to gather and lock as much of Curve’s CRV token as possible in order to acquire veCRV, which allows those behind the protocol to vote for their protocols’ users to get more rewards—this has been dubbed the Curve Wars, and it has caused token supply to dwindle. 

Polkadot is a so-called Layer 0 blockchain that Layer 1 blockchains can connect to via parachains. Projects compete for parachain slots  (that connect to the “heart” of the network: its Relay Chain) via parachain slot auctions, which began last November. While Acala won the first Parachain slot auction, Moonbeam was the first protocol to fully launch on Polkadot. That occurred on Jan. 11. 

Disclosure: At the time of writing, the author of this piece owned DOT, ETH, and several other cryptocurrencies. 

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

What is Rarible: A DAO for NFTs

What was once dismissed as a silly and expensive sector, NFTs give creators access to global markets in a way that’s never been possible before, and it’s all thanks to blockchain.Those familiar…

Acala Wins Polkadot’s First Parachain Auction

Acala received 32.5 million DOT worth $1.27 billion for the auction.  Acala Secures Parachain Slot  Acala has won Polkadot’s first parachain auction.  With over 32M DOT contributed by over 81,000…

Moonbeam Launch Paves Way for Ethereum Smart Contracts on Polkadot

Moonbeam is launching on Parity’s Substrate framework. Designed as a smart contract chain for Polkadot, the platform works as a parachain, offering smart contract developers a way to run applications…

Moonbeam Lands $6M in Funding Round Led by CoinFund

Several big hitters are backing PureStake to bring Moonbeam to the market.  PureStake Raises $6 Million  PureStake, the blockchain development company building Moonbeam, has closed a $6 million funding round…

Read More

Previous Post

India Central Bank Official Calls for Crypto Ban

Next Post

Coinbase plans to add 2,000 employees across Product, Engineering and Design in 2022

Next Post

Coinbase plans to add 2,000 employees across Product, Engineering and Design in 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

The key to 2022 will be how inflation is brought down

January 4, 2022

Leonardo DiCaprio and Martin Scorsese are teaming up for another new movie

July 29, 2022
Rockstar to launch GTA+ for GTA Online

Rockstar to launch GTA+ for GTA Online

March 27, 2022

CrossGen Tales #1 brings back four cult favorite titles at Marvel Comics

August 17, 2022

The best cheap Nintendo Switch bundle deals

February 16, 2022

Could a vampire Batman rise again in DC vs. Vampires? A look at the first issue

October 21, 2021
Nexon files US lawsuit against Ironmace

Nexon files US lawsuit against Ironmace

April 18, 2023

Steven Yeun joins Robert Pattinson in Bong Joon Ho’s next movie

July 8, 2022

FCA ‘concerned’ over Binance deal to access UK payments network

February 16, 2022

Austria’s government survives after opposition fails to oust Kurz’s successor

October 12, 2021

Security PSA: Mining Pool Scams Targeting Self-Custody Wallets

March 24, 2022

Starfield’s soundtrack was inspired by music from Blade Runner and The Revenant

April 29, 2022

Best Buy has the perfect streamer pack for any starter

April 2, 2022

IDW’s Crashing follows the doctor who treats the superheroes

June 14, 2022

Krafton sees full-year sales, profit dip

February 9, 2023

New York sues Activision Blizzard over Microsoft acquisition

May 5, 2022
  • Home
  • Crypto

© 2021 Disclosure / Today.

No Result
View All Result
  • Home
  • Crypto

© 2021 Disclosure / Today.