A lot of stuff happened recently, but Team CURE is waiting quietly for a moment to thrive. CURE’s price is pumping partly thanks to ETH’s another bull run, and CURE’s deflationary nature. However, now the real problem is that most pools are not producing rewards, leading to a lack of incentive for staking and farming CURE. We discussed several solutions to this problem.
- CURE will become V2 soon. V2 contracts will have more supply. We’ll migrate all LPs to there while granting each user a voucher called vCURE to swap 1:1 for CUREv2 before it launches. We recognize the effect of increasing the supply of CURE on its price, more inflation, which undermines what it should be.
So here is what we are going to do: the current contract for CURE Token will not change. We will halt the swap for CURE for a week to allow for migration. New CUREv2 will be pegged to the price of CURE at the time of migration. And Team CURE will inject more liquidity into CUREv2 contracts to remedy the impermanent loss and price adjustment. After a week, CUREv2 will launch with a new tokenomics. Learn more about CUREv2 here: docs.cure.farm.
2. Team CURE is expanding recently with more devs and marketers joining us together. We are also able to negotiate with more equity funders for a Series B Financing worth more than $3M.
So with such human and assets capital, we created PLASMA, the automatic yield aggregator on Ethereum that avoids unnecessary gas costs with compounding mechanisms.
Learn more about Plasma here: docs.plasma.zone.
3. Partnerships & Bridging
We realize how hard it is for small farmers to survive on Ethereum. The increase in gas fees has squeezed out many users from using the Ethereum blockchain as it is no longer economically feasible. DeFi activity on Ethereum is now mainly left to larger whales, who have hundreds of thousands of dollars at their disposal and can easily cover their transaction costs, in little to no time.
With that in mind, we came up with the idea of “changing us by changing the environment”. Team CURE will reinvent CUREv2 to make it compatible with multiple networks in DeFi space, such as Binance Smart Chain and Huobi ECO Chain, where transaction costs are low.
It has become reminiscent of DeFi summer on Ethereum, where a new yield farm would pop up every day, and everyone would constantly be on the lookout for the latest and juiciest yields. The main difference now is that almost everybody gets to take part in the action, with transaction fees becoming less of a concern to retail farmers and newcomers alike.
All in all, Team CURE welcomes back every investor with a long-time-no-see. We want to thank everyone for still being supportive and patient on this tough journey. Stay tuned, and see you all in the world anew.
Join us:
Website: https://cure.farm
Telegram: https://t.me/CUREFarm
Twitter: http://twitter.com/CURE_Farm
