DeFi
The largest stablecoin DEX Curve Finance announced the transition to ZkSync scaling technology. This will happen next year. ZkSync is an innovative solution based on ZK-Rollup that provides faster and cheaper crypto transactions. ZkSync technology is still at a very early stage of development. It is being built by a team of engineers from Matter Labs with funds received from a grant from the Ethereum Foundation.
Curve Finance CEO Michael EGOROV commented on the news:
“zkSync have cracked the problem of Ethereum scaling with their EVM-compatible layer 2 solution, and we can’t wait to create trustless, low-gas, user-friendly applications on their platform.”
Curve is being integrated into the zkSync mainnet at the Fair Onboarding Alpha stage. Until it is launched, protocols will not be able to be deployed on this network. Curve Finance is the second largest DEX in terms of trading volume. Only Uniswap is ahead of it. The company is actively implementing new technologies in the field of DeFi.
Image: Binance Academy
Sourced from cryptonews.net.
