RATE Group | Curve Finance Is Fixing Stablecoin Slippage on DeFi
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Curve Finance Is Fixing Stablecoin Slippage on DeFi

03 Feb Curve Finance Is Fixing Stablecoin Slippage on DeFi

Posted at 10:41h in Cryptocurrency News by

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Curve Finance is improving slippage for DeFi stablecoin conversions, like DAI/USDC. If successful, the protocol would be more efficient than any other DEX.

Efficient Protocols Win

The DeFi space is beginning to see improvements on many initial protocols. 

DEXes like Bancor and IDEX, for example, were functional, but they had their fair share of drawbacks. Uniswap eventually launched and introduced token bonding curves, liquidity pools that incentivized contributions, and a sleek interface.

For their efforts, Uniswap went from below $1 million in liquidity to nearly $20 million locked in the protocol within four months. In a similar manner, Curve Finance seeks to disrupt Uniswap’s moat, but only for stablecoins. 

Currently, Uniswap’s algorithm prioritizes competitive prices rather than the efficiency of the trade. This holds true for all digital assets, including stablecoins. It is in this lack of distinction that Curve may be able to find their niche.

The core premise is that other…

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