Ethereum’s leading stableswap platform, Curve Finance, has integrated NEAR Protocol’s EVM layer, Aurora. Users can now connect to the Aurora network on their Ethereum wallets (such as Metamask) when using Curve, and enjoy the dapp’s deep liquidity pools without the high gas fees or wait time.
Aurora has witnessed the quickest growth in the recent month, crossing the $1.3b mark in TVL and reaching the Top 11 networks on DeFi Llama. At the time of writing, the Aurora ecosystem has more than 100 projects and 100 relayer nodes, with one of the most secure and innovative bridges in the industry operating between Ethereum, Aurora, and NEAR native.
The integration of Curve on Aurora comes at a critical time, with the burgeoning of bluechip DeFi protocols on Aurora, such as Aurigami, Bastion and Trisolaris, on one hand; and the deployment of market-leading bridge solutions, such as Multichain, Synapse, and Wormhole, on the other. Curve’s industry standard stableswap function will add a layer of DeFi composability and liquidity to the Aurora DeFi ecosystem, and at the same time, better position Aurora in an increasingly multi-chain world, allowing it to connect with other ecosystems via the transfer and exchange of pegged assets in its stablecoin, $wBTC, and $wETH pools.
In light of this integration, NEAR’s DeFi hub, Proximity Labs, will allocate up to $7.5M in grants to Curve to help establish their presence in the Aurora ecosystem. The synergy between Curve and Aurora will further accelerate the growth Aurora has enjoyed since the beginning of this year.