News

TRON DAO’s $2 Million Investment Seals Dynamic Partnership With Curve

Key Points:

  • TRON DAO Ventures invests $2 million in Curve, forming a strategic partnership.
  • Curve receives support from TRON’s Justin Sun post-hack, highlighting its DeFi importance.
  • TRON and BTTC collaboration with Curve brings innovative stUSDT pools and cross-chain potential.
TRON DAO Ventures, the investment arm of TRON DAO, has made a significant acquisition of $2 million worth of CRV tokens in a move that solidifies its strategic partnership with Curve.
TRON DAO's $2 Million Investment Seals Dynamic Partnership With Curve 2

Despite a recent hack that sent shockwaves through the DeFi space, Curve has gained a formidable ally in TRON founder Justin Sun. He expressed unwavering support for Curve, emphasizing its vital role in the DeFi landscape and rallying the community to fortify the ecosystem’s security measures.

This partnership is set to herald a new chapter for both platforms as Curve prepares to debut on the TRON and BTTC networks.

In a groundbreaking move on August 1, TRON and Curve joined forces to introduce a pioneering stUSDT pool on the platform. This trailblazing pool features stUSDT, the world’s maiden rebase real-world asset (RWA) protocol on the TRON blockchain.

Its remarkable growth, with a Total Value Locked (TVL) surpassing $700 million, underscores the enthusiasm it has garnered within the crypto sphere.

The collaboration between TRON DAO Ventures and Curve not only demonstrates TRON’s commitment through partnership but also financial investment. This news follows the integration of Curve with both the TRON and BTTC networks, marking a significant stride towards a revitalized DeFi ecosystem.

With TRON and BTTC’s unwavering support, Curve is primed for a resurgence, promising users a more dynamic and robust DeFi experience in the ever-evolving crypto realm.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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.

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