Curve, a decentralized exchange platform for stablecoins, announced that it will integrate ZetaChain, a blockchain that connects everything, for the first native BTC support for cross-chain swaps and omnichain asset pools. Curve users will also be able to interact with these omnichain asset pools to achieve native cross-chain swaps, which means they can trade any asset on any chain, including BTC, without intermediaries or bridges.
A Game-changer for DeFi
ZetaChain is an EVM-compatible L1 blockchain that enables smart contracts to span any chain, including Bitcoin, and access all chains from one place. ZetaChain also supports cross-chain messaging, which allows dApps to communicate and transfer value across different blockchains. By integrating ZetaChain, Curve will be able to offer its users more liquidity, efficiency, and interoperability in the decentralized finance (DeFi) space.
"ZetaChain is a game-changer for DeFi, as it allows us to leverage the power and security of Bitcoin in a seamless way. We are excited to partner with ZetaChain and bring native BTC support and omnichain swaps to our platform," said Michael Egorov, the founder and CEO of Curve.
Users Can Swap Between ZETA, USDT, and DAI
"Curve is one of the leading platforms for stablecoin trading and liquidity provision in DeFi. We are thrilled to work with Curve and enable their users to access the full potential of omnichain contracts and cross-chain messaging. This will open up new possibilities and use cases for DeFi on ZetaChain," said Alexey Troshichev, the co-founder and CTO of ZetaChain.
The integration is expected to be completed by the end of Q1 2024, and will be followed by a launch of a tri-token pool of ZRC-20 tokens on ZetaChain, which will allow users to swap between ZETA, the native token of ZetaChain, USDT, and DAI, with low fees and high speed.
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