Singapore, Singapore--(Newsfile Corp. - April 28, 2022) - The TUSD-am3CRV pool has launched on Curve's Polygon network with the gauge feature - which only seven pools on Curve's Polygon network have - to distribute CRV rewards on April 1. The TUSD-am3CRV pool is supported on Curve's Ethereum network as well.
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As an automated market maker in DeFi that offers stablecoin swap services, Curve's total value locked (TVL) has hit $20.45 billion, ranking first among all decentralized exchanges (DEXs). Compared with other trading protocols, Curve offers more carefully chosen trading pairs featuring exceptionally low slippage and handling fees for better liquidity. Swap fees paid by traders also fund liquidity provider (LP) rewards.
In addition, Curve's gauge system is a focal point of many liquidity pools. LPs of pools with gauges can get a share of the handling fees collected and receive additional CRV distribution.
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This is not the first time TUSD has integrated with protocols on Polygon. Last November, TUSD launched on Balancer Polygon with a stablecoin pool to offer TUSD and BAL distributions to liquidity providers. The TVL of this pool was $116.9 million. TrueUSD on Polygon has over 31,600 transfers, and the...
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