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confluxChina’s only regulatory compliant blockchain, Deploys Uniswap v3 on its network along with the CNH (Offshore Chinese Yuan) stable currency and enters curve wars with a mainnet token CFX bridged to the Ethereum mainnet known as eCFX. offered to participate.This proposal comes after Binance announcement Support Conflux Network’s (CFX) mainnet integration. It is expected to attract more initiatives, establish liquidity pools to facilitate the exchange of CFX tokens, and implement incentives to promote liquidity, ultimately increasing the value and utilization of the network.
The deployment of Uniswap v3 on the Conflux eSpace will give the Uniswap community access to a wider range of trading opportunities in both USD and CNHC based pairs. This development is particularly timely given the regulatory restrictions facing USD-based stablecoins. In addition, projects operating in currencies other than the US dollar, especially those in Asia that can now use his CNH for settlement without worrying about currency fluctuations, will greatly benefit from this development.
Conflux has chosen to participate in the highly complex DeFi ecosystem in parallel with the aim of attracting the attention of ETH DeFi players. Conflux cross-chain $CFX on Ethereum, $eCFXoffers a liquidity pair with ETH on Curve. After an on-chain vote by the Curve DAO, the Curve Pool (eCFX-ETH) has been officially approved and added to the Curve Gauge. You can see the poll results here: https://dao.curve.fi/vote/ownership/312.
Additionally, the aforementioned pools are now available for staking on Conflux, allowing DeFi users to operate deeper within the Curve ecosystem. Curve had previously been deployed on several other networks, but none of these networks initially started a pool with Curve (Ethereum) before introducing Curve to their platform. Conflux’s choice to do so demonstrates their efforts to establish contact with the Curve community on Ethereum and provide a new Curve pool for Asian DeFi projects ahead of the possible launch of the Curve on Conflux eSpace. I’m here.
The intersection of US and EU regulatory barriers on blockchain and recent supportive regulations on blockchain in Hong Kong highlight how important the Chinese market is to the development of Web3 projects.
Over 84% of global blockchain applications were submitted in China, overwhelming UK (11%) and US (14%) submissions, making China one of Web3’s most innovative markets. confirms something.
“By integrating eCFX with the Curve ecosystem, our team aims to demonstrate a strong commitment to robust DeFi,” said Christian Oertel, Global Expansion Manager. “As Uniswap prepares to launch on Conflux, more tokens developed by our Asia-based team will be encouraged to build bridges to this burgeoning ecosystem. Once we reach , our team plans to deploy Curve Finance natively, bringing the efficient stablecoin AMM giant to Asia’s own DeFi-centric blockchain.”
About Conflux Network
conflux A permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. Recently migrated to a hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with no congestion, low fees, and improved network security.
As the only regulated public blockchain in China, Conflux offers unique advantages for building projects and expanding into Asia. In the region, Conflux has worked with global brands and government agencies such as Shanghai Municipality, McDonald’s China, and Oreo on blockchain and metaverse initiatives.
*This article was paid for by a cryptonomist not writing the article or testing the platform.
