TRON DAO Ventures Invests $2 Million in CRV Tokens, Announces Partnership with Curve for Dual Network Launch

TRON DAO Ventures Invests $2 Million in CRV Tokens, Announces Partnership with Curve for Dual Network Launch

TRON DAO Ventures, the investment wing of TRON DAO, has recently made a significant investment of $2 million in CRV tokens. This move is part of a strategic collaboration that will see the launch of the Curve platform on both the TRON and BTTC networks.

Curve, a decentralized exchange known for its automated market maker (AMM) systems designed for stablecoin trading, has established itself as a cornerstone in the DeFi landscape. Its popularity surged dramatically in the latter half of 2020, securing its position as the world’s second-largest decentralized exchange and the leading DEX for stablecoin transactions.

The recent security breach that targeted Curve had a ripple effect across the DeFi sector. In response, Justin Sun, the founder of TRON, promptly expressed his support for Curve. He emphasized the platform’s importance in the DeFi ecosystem and extended his sympathies to the affected team and users. Sun urged the community to unite in fortifying security measures to safeguard the decentralized ecosystem.

Amidst the volatile conditions of the market on August 1, TRON forged a partnership with Curve, introducing a stUSDT pool on the platform. The stUSDT pool represents the world’s first rebase real-world asset (RWA) protocol on the TRON blockchain. It’s often likened to Yu’E Bao, China’s once-dominant money market fund. Notably, the Total Value Locked (TVL) in the stUSDT pool has already exceeded $700 million, as reported by Defillama.

Subsequently, TRON DAO Ventures unveiled its investment in Curve, highlighting TRON’s commitment to supporting its ecosystem not just through cooperation but also financial backing. This partnership also involves Curve integrating with both the TRON and BTTC networks.

The collaboration involving TRON, BTTC, and Curve is expected to yield vital synergies for the blockchain industry. Curve’s foundational role in the DeFi domain presents notable advantages in terms of reduced financial expenses and time inefficiencies. Additionally, it actively supports prominent public blockchains such as Ethereum, Arbitrum, and Avalanche. This alliance is positioned to contribute to the growth of TRON’s DeFi ecosystem. Simultaneously, TRON, recognized as a key driver of DeFi innovation, will contribute its cutting-edge products to Curve.

The integration between Curve and BTTC will further catalyze the expansion of DeFi ecosystems, particularly decentralized exchange platforms. BTTC, the industry’s pioneer in heterogeneous cross-chain interoperability, has already enabled cross-chain functionality among TRON, Ethereum, and BNB Chain. Moreover, it plans to introduce zero-knowledge (ZK) proof technology later this year, facilitating seamless dApp development across diverse blockchains and fostering an inclusive ecosystem accessible to all.

With the support of TRON and BTTC, Curve anticipates a rapid recovery, promising users a more dynamic DeFi ecosystem within the cryptocurrency industry.

About TRON DAO

TRON DAO is a community-driven DAO dedicated to advancing blockchain technology and dApps as catalysts for decentralizing the internet.

Founded by H.E. Justin Sun in September 2017, the TRON network has consistently achieved remarkable milestones since its MainNet launch in May 2018. Notably, in July 2018, BitTorrent, a pioneering decentralized Web3 service with over 100 million monthly active users, became integrated into the TRON ecosystem. Over the years, the TRON network has gained substantial traction. As of August 2023, it boasts more than 179.07 million total user accounts, over 6.26 billion transactions, and a Total Value Locked (TVL) exceeding $13.01 billion, as reported on TRONSCAN.

Furthermore, TRON hosts the world’s largest circulating supply of USD Tether (USDT) stablecoin, surpassing Ethereum’s USDT supply since April 2021.

The TRON network achieved complete decentralization in December 2021 and now operates as a community-driven DAO. Notably, in October 2022, TRON was selected as the national blockchain for the Commonwealth of Dominica, marking the first instance of a major public blockchain collaborating with a sovereign nation to develop its national blockchain infrastructure. In addition to endorsing the issuance of the Dominica Coin (DMC), a blockchain-based fan token to boost Dominica’s global presence, seven existing TRON-based tokens—TRX, BTT, NFT, JST, USDD, USDT, TUSD—have been granted legal recognition as authorized digital currency and mediums of exchange within the country.