The Bank for International Settlements (BIS) is conducting an experiment using Curve V2 hybrid function AMM for central bank digital currency transactions. In its mid-term report on June 28, BIS described how its Project Mariana utilized automated Market Makers (AMM) for cross-border transactions of wholesale Central Bank Digital Currency (CBDC), specifically mentioning the selection of "a hybrid function market maker (HFMM), specifically Curve V2". However, it also noted that the selection of Curve V2 was only for experimental purposes, and does not reflect any endorsement by any relevant institutions for this protocol, or any of its products.
Project Mariana is an exploratory project launched in collaboration with bank of Franch, the Monetary Authority of Singapore, and the Swiss National Bank, aiming to study the possibility of cross-border transactions using wholesale Central Bank Digital Currency (wCBDC). The project was launched in November, and it released its mid-term report as scheduled, pledging to release the final report by the end of this year.
Wholesale central bank digital currency primarily refers to the digital currency issued by the central bank for commercial banks and other financial institutions, rather than being directly available to the public.
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