Latest News

The Curve DAO Token (CRV) price saved a breakdown from a long-term support level with a strong bounce at on August 1.

In a stunning series of events over the past few days, CurveFi founder Michael Egorov has been involved in a flurry of transactions, unloading a massive quantity of CRV tokens. The rapid divestiture has ignited speculation and concern across the crypto landscape.

The Abracadabra community, the issuer of algorithmic stablecoin MIM, is currently conducting a crucial vote on the "Further Amendment of Interest Rates" AIP #13.6 proposal.

A widely followed crypto strategist says a short squeeze could materialize for an altcoin project that just suffered a $41 million hack. Pseudonymous analyst Credible Crypto tells his 343,200 Twitter followers that Curve (CRV) is experiencing a massive amount of short interest.

The Curve Finance lending protocol has recently taken significant steps to address the vulnerabilities and exploits it faced in July. In response to the July 30 Curve exploit and the July 6 Multichain exploit, the protocol has terminated governance token rewards for certain liquidity pools.

The Curve emergency DAO removed CRV rewards for alETH, msETH, pETH, crvCRVETH, Arbitrum Tricrypto, and multiBTC pools.

DeFi lending protocol, Abracadabra Money, is currently debating a proposal to boost the interest rate in its CRV lending markets as it looks to mitigate its exposure to the DeFi token. In the last few days, CRV has seen its value decline significantly due to the recent Curve Finance exploit on Sunday, which resulted in a total loss of over $60 million.

In the ever-volatile world of cryptocurrencies, the decentralized exchange Curve's native CRV token has been facing a steep decline. The looming threat of a potential massive liquidation of the founder's borrowed position is sending traders into a frenzy of short positions.

Upwards of $100 million worth of cryptocurrency is at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. "The Hash" weighs in on the state of smart contracts and risk management in decentralized finance (DeFi).

Abracadabra's ongoing attempts to mitigate the risks to its of CRV cauldrons, increasing interest rates to reduce the total exposure to around $5 million in borrowed MIM.

Market makers stepped in to arrest CRV's slide that threatened liquidation of a large CRV-collateralized crypto borrowing and market-wide contagion.

All proceeds from such a strategy will be kept in Abracadabra's treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV.

Abracadabra Money, a cross-blockchain lending platform, has proposed to raise the interest rate on its existing loans to address potential risks related to its exposure to Curve (CRV).

Curve Finance is beginning to witness some improvements as Curve's founder avoids litigation. CRV's price has recovered, however the number of token holders continues to decline.

The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem and many lending protocols are rushing to minimize their exposure.

Aave's TVL takes a hit as the market grapples with the aftermath of Curve's exploit.

An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol.

Curve Finance and CEO Michael Egorov have received support from prominent names in the crypto space, including Justin Sun and DCF God. Curve had suffered a major exploit earlier in the week, leading to the protocol losing nearly $50 million to hackers.

Curve DAO (CRV) has established itself as a prominent DeFi platform, renowned for providing ample liquidity, particularly for stablecoins. However, an unfortunate security breach occurred over the weekend, causing a significant decrease in both the total funds entrusted to Curve and the value of its native token, CRV, which serves as a means of transaction within the protocol.

In the ever-evolving world of decentralized finance (DeFi), the name Michael Egorov has been synonymous with innovation and groundbreaking initiatives. As the founder of Curve Finance, Egorov has been at the forefront of reshaping the DeFi landscape, offering users new opportunities to maximize their yield and liquidity.

In the last three days, the DeFi sector has seen an 8% decline in the total value of locked assets (TVL), falling to $40.31 billion, as per DeFiLlama data. As of July 30, DeFi projects TVL stood at $43.

Curve, a leading stablecoin exchange entrenched in the decentralized finance (DeFi) realm on Ethereum, finds itself grappling with a distressing exploit. The project's official Twitter account recently disclosed the unfortunate news, revealing that hackers have taken advantage of a critical vulnerability.

Intense fear gripped Curve Finance users in the past few days, causing temporary relief during the early Asian market on Wednesday as the CRV price gained about 15 percent, trading around $0.578.

Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount.