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Curve Finance Partners With Peanut Protocol To Balance Trading Pools And Protect Investors
Summary: The Peanut Protocol has partnered with Curve Finance to balance the price of trading pairs, according to a recent announcement. Peanut is a DeFi protocol to balance the prices of trading pairs with the goal of increasing crypto liquidity providers income and reducing the risk of impermanent loss. Peanut plans to also protect Curve Finance ...
The Peanut Protocol has partnered with Curve Finance to balance the price of trading pairs, according to a recent announcement.
Peanut is a DeFi protocol to balance the prices of trading pairs with the goal of increasing crypto liquidity providers income and reducing the risk of impermanent loss. Peanut plans to also protect Curve Finance users from slippage and skewing token values.
"Due to the system of a two-level pool of assets operated by Peanut, placing even a very large order will have only temporary instant effect. When large buy/sell orders are executed, the Peanut pool automatically and simultaneously makes the corresponding deal on two levels, that is, on other DEX and CEX, and provides additional liquidity for specific trading pair," the announcement read. "As a result, slippage in trading pair disappears."
Peanut expects to be connected with Curve on a regular basis within the next few weeks.
By Emily Mason
Tags: CEX,Curve Finance,DeFi,DEX,Peanut Protocol
Link: Curve Finance Partners With Peanut Protocol To Balance Trading Pools And Protect Investors [Copy]
