30, with $1M worth of prizes and seed money for people building apps “bridging TradFi to DeFi,”according to the website. “If Curve deploys a 3Pool to Harmony, maybe they could consider 1 of the tokens being FRAX,” wrote Sam Kazemian, the founder of algorithmic stablecoin protocol Frax Finance and the FRAX stablecoin. Still that one user who had used Curve’s forums before the proposal was something of a DeFi heavyweight. Open golf tournament at Los Angeles Country Club on Sunday, June 18, 2023, in Los Angeles. The comments in the Curve proposal were similar - only one user had created an account before Jiang made the proposal. Wyndham Clark hits from the rough on the sixth hole during the final round of the U.S. The Harmony COO said that the comments came from real individuals who had picked up the proposal, and not a bunch of accounts created by one person. Jiang addressed the issue of “brigading,” a term for when users join together to comment on a specific goal. The Aave proposal was flooded with short comments like “Harmony and Aave working together would be revolutionary,” from new users of the forum. “Curve will need to maintain an additional deployment on Harmony,” Jiang wrote in the proposal. This means Curve and Aave’s smart contracts should be easy to port to Harmony, though the launch may not be a one-off event. Harmony is currently ranked as the 58th largest crypto with a 2.4 billion market cap. Harmony is EVM compatible, meaning it follows the same logic as Ethereum when processing transactions. Harmony (ONE) is currently trading at 0.2257, gaining 3.74 over the 24 hours prior to this writing. This means Curve, which specializes in homogeneous asset swaps like ETH and Synthetix’s sETH, is using Harmony to “support swapping of assets from multiple chains,” according to Jiang’s proposal. Harmony has connected to the Ethereum blockchain and the Binance Smart Chain. With support set around 0.234228522301914 and resistance at 0. Harmony reported having 135K active wallets. Harmony price is currently above resistance. 15, and Aave’s on July 29, inviting blue chip DeFi protocols into its ecosystem. Li Jiang, the COO at Harmony, authored both posts - Curve’s on Aug. In typical crypto fashion, the public proposals materialized on Curve and Aave’s governance forums. The Layer 1 Polkadot uses a version of the consensus mechanism and Ethereum plans to add sharding in 2022. Sharded proof-of-stake means a project uses many blockchains in parallel in order to scale. It’s offering $2M in its ONE tokens to each app as an incentive to make the move. Harmony One, one of a handful of platforms that uses sharded proof-of-stake for consensus, wants Curve Finance, the automated market maker, and Aave, the lending platform, to join the party. Five months after opening the door to SushiSwap, Harmony One is inviting more major DeFi apps to hop on its blockchain.
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