DeFi

Curve Finance Will Soon Be Integrating With zkSync 2.0 Mainnet

Curve Finance will launch on zkSync’s mainnet, marking the company’s first foray into new technology for Ethereum scalability and privacy, known as a ZK-rollup.

Curve Finance will begin developing on zkSync during its Fair Onboarding Alpha phase, when protocols may begin to be built on the network.

“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,” said Michael Egorov, CEO at Curve Finance.

In addition to the benefits of Curve’s liquidity incentivization, Egorov believes this deployment will allow builders to design more trustless, low-cost, and user-friendly apps using zkSync.

ZK-rollup is a novel technique that employs zero-knowledge proofs to increase scalability and privacy. Unlike previous Ethereum scaling approaches, zero-knowledge proofs rely on cryptographic math for security rather than third parties like in the Optimistic rollup paradigm.

According to DeFiLlama, Curve now ranks second overall in DeFi for trading volume, trailing only Uniswap.

Source: DeFiLlama

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.