cryptonews.net
Curve Finance has unveiled Curve-Lite, a version of the decentralized exchange that uses Taiko L2 scaling solution for Ethereum. According to the announcement, the launch aims to improve the accessibility of DeFi by reducing transaction costs and improving security. Built on Taiko’s zk Rollup technology, Curve-Lite offers lower gas fees compared to the Ethereum mainnet.
The reduced costs are expected to encourage participation from a wider user base, including retail investors, and facilitate the provision of liquidity. Curve notes that the platform inherits Ethereum’s strong security system, providing a decentralized and permissionless environment.
As a zk-EVM, Taiko allows developers to develop Ethereum-compatible decentralized applications (dApps) without the need for modifications. The collaboration with Curve demonstrates the growing adoption of L2 solutions to solve Ethereum’s scalability issues. By leveraging Taiko’s L2 capabilities, the Curve team claims that Curve-Lite is poised to attract a diverse range of participants, facilitating greater adoption of decentralized financial services.
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