Curve Launches on Fantom ๐๐
February 26, 2021: Gas prices take fear, Cross Chain Curve is Here!
Here are todayโs trends to watch from Curve Market Cap:
Gas prices remain the worst since the Jimmy Carter era. What can be done?
Curve Devs to the rescue! Theyโve heard our complaining, and rewarded us with cross-chain Curve!
About Fantom
Fantom was founded in 2018 by Dr. Ahn Byung Ik, describing a smart contract platform that could solve some of the scaling issues existing blockchains. Instead of stacking blocks, Fantom utilized a Directed Acyclic Graph (DAG), in which transactions stack directly on top of other transactions, creating a more open-ended graph. The unique consensus mechanism is called Lachesis, which is described fully in the Fantom white paper.
As Ethereum has hit scaling issues, Fantom has picked up the slack. Fantom does not position itself as a replacement to Ethereum, but instead as providing key support.
Fantom works easily with MetaMask, and the cross-chain transfer between Ethereum to Fantom is quite robust.
As Fantom has been exploding lately, the price of its token has also shot up since late January. Fantom is currently 50th on Coin Market Cap with a price at nearly $0.50
The team recently raised big from Alameda research, plugging it into the Bankman-Fried empire.
With so much going on, Fantom fans are understandably bullish!
Curve on Fantom
What does Curve on Fantom mean? The Fantom deployment of Curve has the same sexy interface, but far fewer pools than youโre used to.
Indeed, thereโs only the classic 3pool, and even that has been sliced by a third. Then again, Curve classic looked like this almost a year ago, and today itโs the hottest spot in DeFi.
If youโre interested in trying it out, here are some resources:
Curve Tutorial: https://resources.curve.fi/guides/using-curve-on-fantom
Fantom Documentation: https://fantom.foundation/blog/how-to-use-curve-on-fantom/
Bridge: https://multichain.xyz/
For those of you looking for more info about the Pool Party, weโre excited to announce there will be beverages:
With a tie, the degen dev team in waiting cast the tie-breaking vote for margaritas. Further details coming first to Telegram ๐
For more info, check our live market data atย https://curvemarketcap.com/ย or our subscribe to our daily newsletter atย https://curve.substack.com/. Newsletter is an independent roundup of interesting trends in cryptocurrency, never financial advice. Author stakes $CRV, but not in $FTM.