Curve Finance has unveiled Curve-Lite, a version of the decentralized exchange that uses the Taiko L2 scaling solution for Ethereum. According to the announcement, the launch aims to improve the accessibility of DeFi by reducing transaction fees and improving security. Curve-Lite is built on Taiko’s zk Rollup technology and offers lower gas fees compared to the Ethereum mainnet.
The lower costs are expected to encourage the participation of a broader user base, including retail investors, and facilitate the provision of liquidity. Curve notes that the platform inherits Ethereum’s strong security system and offers a decentralized and permissionless environment.
As a zk-EVM, Taiko enables developers to develop Ethereum-compatible decentralized applications (dApps) without the need for any modifications. The partnership 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 wide range of participants, facilitating greater adoption of decentralized financial services.
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