Conflux Joins Curve Wars with Uniswap v3 & CNH Stablecoin

Conflux, the only regulatory-compliant blockchain in China, is taking the lead in the Curve Wars by deploying Uniswap v3, bridging its mainnet token CFX to Ethereum mainnet as eCFX, and introducing CNH (offshore Chinese Yuan) stable currency.

Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stablecoin. The network also plans to join the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This move will enable users to access a wide range of DeFi services, such as yield farming, liquidity mining, and more. With this, Conflux aims to provide a secure, compliant, and efficient blockchain infrastructure for the Chinese market. This will also help the Chinese market to benefit from the advantages of DeFi, such as increased liquidity, lower transaction fees, and more.

Binance to Support Conflux Network’s Mainnet Integration

Binance, one of the world’s leading cryptocurrency exchanges, recently announced its support for Conflux Network’s (CFX) mainnet integration. This proposal is intended to attract more initiatives, establish liquidity pools to facilitate the exchange of CFX tokens, and implement incentives that promote liquidity. Ultimately, this will increase the network’s worth and usage, making it more accessible and attractive to users. Binance’s support of Conflux Network’s mainnet integration is a major step forward in the cryptocurrency industry and will help to further the development of the network.

Uniswap v3 on Conflux eSpace: Expanding Trading Opportunities

The Uniswap community has gained access to a wider range of trading opportunities with the deployment of Uniswap v3 on Conflux eSpace. This development is especially timely in light of regulatory restrictions facing USD-based stablecoins, and provides projects operating in currencies other than USD with a viable alternative. With the addition of CNH-based pairs, Asian projects can now use CNH for settlements without worrying about currency fluctuations.

Uniswap v3 on Conflux eSpace provides users with access to a range of trading opportunities, including USD- and CNHC-based pairs. This allows users to take advantage of the liquidity of Uniswap while also being able to trade in different currencies. Furthermore, the addition of CNH-based pairs provides Asian projects with a viable alternative to USD-based stablecoins, allowing them to settle transactions without worrying about currency fluctuations.

Conflux Joins the Ethereum DeFi Ecosystem

Conflux has joined the Ethereum DeFi ecosystem with the aim of drawing the attention of ETH DeFi players. The Conflux network has launched its cross-chain token, $CFX, on Ethereum, $eCFX, and has created a liquidity pair with ETH on Curve. The Curve pool (eCFX-ETH) has been officially approved and added to the Curve Gauge following an on-chain vote by the Curve DAO. This move allows users to access the liquidity of the Ethereum DeFi ecosystem while taking advantage of the scalability and security of the Conflux network. Conflux is now a part of the Ethereum DeFi ecosystem. It provides users with a secure and reliable platform to access the liquidity of the DeFi market.

China Leads the Way in Web3 Innovation

The recent surge in supportive regulations on blockchain in Hong Kong has highlighted the importance of the Chinese market for the development of Web3 projects. This is further evidenced by the fact that over 84% of global blockchain applications have been submitted in China, dwarfing submissions in the UK (11%) and the US (14%). This demonstrates that China is at the forefront of Web3 innovation. It is likely to remain so for the foreseeable future. With the intersection of US and EU regulatory barriers on blockchain, the Chinese market is becoming increasingly attractive for Web3 projects. As such, it is likely that China will continue to lead the way in Web3 innovation.

Uniswap to Launch on Conflux, Curve Finance to Follow

Christian Oertel, Global Expansion Manager, has announced that the team is integrating eCFX with the Curve ecosystem to demonstrate a strong commitment to robust DeFi. Uniswap is preparing to launch on Conflux, incentivizing more tokens developed by Asia-based teams to build bridges into this burgeoning ecosystem. Once Conflux reaches an appropriate scale, the team plans to natively deploy Curve Finance. It will bring the efficient stablecoin AMM-giant to Asia’s own DeFi-centric blockchain. This is an exciting move that will bring more liquidity and stability to the DeFi space. Moreover, it will help to further bridge the gap between Asia and the rest of the world.

Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

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Chris Griffin
Chris has had a career as an advisor to the tech industry, incubating start-ups in the tech industry. Welcoming Chris to contribute his expertise covering the latest things he sees in blockchain