• Conflux, a regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 and joining the Curve Wars with its mainnet token CFX.
• This follows Binance’s announcement that it will support Conflux Network’s (CFX) mainnet integration.
• Uniswap v3 will allow access to wider range of trading opportunities with both USD- and CNHC-based pairs, while $CFX on Ethereum will offer liquidity pair with ETH on Curve.
Conflux Proposes Uniswap v3 and Curve Integration
Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX.
Binance Supports Conflux Mainnet Integration
This proposal comes after Binance’s announcement that it will support Conflux Network’s (CFX) mainnet integration. The hope is to attract more initiatives, establish liquidity pools to facilitate the exchange of CFX tokens, and implement incentives that promote liquidity, ultimately increasing the network’s worth and usage.
Uniswap v3 Benefits Asian Projects
By deploying Uniswap v3 on Conflux eSpace, the Uniswap community gains access to a wider range of trading opportunities with both USD- and CNHC-based pairs. This development is particularly timely in light of regulatory restrictions facing USD-based stablecoins. Furthermore, projects operating in currencies other than USD will benefit greatly from this deployment, especially Asian projects that can now use CNH for settlements without worrying about currency fluctuations.
Conflux Joins Defi Ecosystem
Conflux has opted to participate in a highly intricate Defi ecosystem in parallel, with the aim of drawing the attention of ETH DeFi players. Conflux’s cross-chained $CFX on Ethereum, $eCFX offers a liquidity pair with ETH on Curve.
Curve Pool (eCFX -ETH)
Following an on-chain vote by the Curve DAO ,the Curve pool (eCFX -ETH) was established , providing users with low latency transactions at significantly lower fees.