Curve Finance integrates with Near Aurora Network

Curve Finance, a decentralized exchange built on the Ethereum blockchain that focuses on steblecoin exchanges, has integrated with the Ethereum Virtual Machine (EVM) layer of the Near protocol called Aurora.

Aurora – is an EVM built on the Near protocol, offering full compatibility with Ethereum, low transaction costs, and unreliable connectivity. According to DeFi Llama, Aurora has a total blockchain value (TVL) of $1.3 billion and ranks 12th among the top decentralized finance protocols (DeFi).

According to the press release, the integration allows users to connect to the Aurora network through their Ethereum wallets, such as MetaMask, when using Curve and access the decentralized application’s liquidity pools.

Near’s DeFi center, Proximity Labs, will give Curve grants of up to $7.5 million to help establish its presence in the Aurora ecosystem.

The merger comes at a time of growing demand for Aurora as DeFi protocols such as Aurigami, Bastion and Trisolaris select the platform for their development. Also of note is the deployment of market-leading bridge software: Multichain, Synapse and Wormhole are also integrated with Aurora.

“Curve’s industry-standard stable replacement feature will add a level of DeFi compatibility and liquidity to the Aurora DeFi ecosystem while improving Aurora’s position in an increasingly multi-networked world,” the press release said.

Curve Finance’s token, CRV, has fallen 5 percent to $2.34 in the past 24 hours amid a broad sell-off in the cryptocurrency market. NEAR, the Near platform token, is down 3% for the day.