Low-slippage trading for equivalent value currencies is an essential feature for every blockchain. The future of the TON chain looks incredibly promising, with multiple teams already working on over-collateralized stablecoins (such as the Aqua protocol and several protocols developing Real World Assets, or RWAs). In addition, there are synthetic dollar projects like the synthetic dollar (USDF) created by the FaFaFa team during The Open Summer Bootcamp.

But that's just the beginning. Once the cross-chain bridge is completed, even more bridged stablecoin assets will flow into the TON blockchain. At that point, traditional market maker formulas used by ston finance will result in higher slippage, and even dedust’s formula x^3y + y^3x = k won’t be sufficient to smooth out trades during high volumes, still causing significant slippage. This is precisely why the TON blockchain needs the Curdle Protocol.

Curdle Protocol adopts a formula similar to Curve Finance’s algorithm, enabling controlled low slippage parameters, offering users an exceptional trading experience. Additionally, it allows idle stablecoins to generate yields and provides virtually zero impermanent loss for liquidity providers. Our protocol supports pools with more than two assets, eliminating the need for multi-hop transactions across pools for common currency exchanges, significantly saving on transaction fees. You can even add liquidity for any number of token types in a pool, perfectly compatible with the jetton's unique features.

Why Now

The demand for Curdle Protocol perfectly aligns with the TON Ecosystem Roadmap. TON is set to undergo a series of significant updates in the second half of 2024, including gasless transactions and a Stablecoin Toolkit.

With the introduction of gasless transactions, small stablecoin transfers will become more economical. This makes a low-slippage, low-fee stablecoin swap protocol crucial. We anticipate that the combination of gasless transactions with Telegram's miniapps and streaming features will drive an increase in tipping within Telegram. This emerging market for tipping platforms aligns perfectly with Curdle's future development goals.

The Stablecoin Toolkit further validates the necessity of Curdle. As various types of stablecoins proliferate, a stable swap protocol like Curdle will become foundational for the TON blockchain, facilitating smooth transactions between equivalent currencies.

For users with idle assets in their wallets, we plan to collaborate with wallet providers to enable these users to convert their idle assets into liquidity. This allows them to earn passive income with minimal risk of slippage and impermanent loss, enhancing the overall quality of service for Curdle users. Curdle is precisely what TON needs.

Curdle Protocol Roadmap

Curdle Protocol v1 is structured into six major phases: 0xStable, 0xReferral, 0xStats, 0xSolidify, 0xDistill, and 0xCrystallize.

Current Phase: 0xStable

We are currently in the first phase, 0xStable. At this stage, we have verified the correctness of our algorithms and are now focusing on optimizing gas usage and scalability.

Upcoming Phases:

0xReferral (Transaction Rebates)
- Collaborate with KOLs, community leaders, and traders to establish rebate ratios.
- Users who trade using referral addresses can receive up to 50% of the transaction fees as a rebate.
0xSolidify (Liquidity Boost)
- Liquidity providers will earn LP tokens.
- The longer LP tokens are "locked," the higher the proportion of platform rewards the provider will receive.
0xStats (Statistics)
- Integrate statistical functions and perform data analysis and visualization.
- Prepare for future DAO module implementation to facilitate voting and management.
0xDistill (Governance)
- Implement governance modules using a ve-Model, similar to Curve Finance.
- Optimize issuance formulas to reduce the negative correlation between liquidity and token price.
0xCrystallize (Community Expansion)
- Launch community promotion programs to build the Curdle ecosystem, including:
  - Establishing a yield boosting platform (similar to Convex).
  - Creating a bribe voting platform (similar to Votium).
  - Integrating with the Stablecoin Toolkit to provide diverse stablecoin exchange options.
  - Promoting gasless transactions to significantly increase small transactions, lowering user barriers for stablecoin swaps.
  - Enhancing tipping and small transfers through affordable gasless transactions, potentially integrating with streaming platforms for wider adoption.

The roadmap clearly defines the path forward, ensuring each phase builds upon the previous one to deliver a robust and user-friendly protocol. Curdle Protocol is poised to become a cornerstone in the TON ecosystem.

Future Plan

In the future, liquidity providers will not only earn LP fees but also receive liquidity mining rewards. We plan to collaborate with other DeFi protocols (such as Lending Protocols EVAA, and yield aggregator protocol United Finance), investing a portion of the risk-controlled idle liquidity into other DeFi protocols to earn extra income. This maximizes the utilization of users' funds while ensuring their safety.

The possibilities are endless, and with Curdle Protocol, the TON blockchain is set to revolutionize the landscape of decentralized finance. Join us as we pave the way for a future where trading is efficient, safe, and profitable for everyone.