According to official sources, the DeFi protocol Curve has announced its deployment on the high-performance Layer 2 network X Layer of OKX, and the DeFi automated market-making protocol Balancer has also announced its upcoming deployment on X Layer. With top DeFi protocols announcing their cooperation with X Layer one after another, global users can seamlessly experience various DeFi gameplay within X Layer and earn profits.
Curve Finance is a decentralized exchange optimized for low-slippage trading between stablecoins or similar assets (such as wBTC/renBTC). The protocol uses an automated market maker that specifically provides DeFi users with low-slippage trading and stable fee income for liquidity providers. Balancer is a DeFi automated market-making protocol that uses a novel self-balancing weighted pool. The protocol allows anyone to create asset pools with predefined weights in the pool. X Layer is designed for high-intensity DeFi scenarios, with a transaction processing capacity of about 5,000 TPS and close to zero cost advantage, aiming to create "The New Money Chain." Through cooperation with Aave, X Layer will further expand ecosystem liquidity and asset utility, accelerating the possibility for developers to build financial primitives and integrated applications.
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