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In a significant development for the decentralized finance (DeFi) space, the community behind Curve Finance has voted to reimburse liquidity providers (LPs) who suffered losses during a $61 million hack in July. The decision, reached on December 21, saw an overwhelming 94% approval from token holders.
The reimbursement of liquidity providers affected by a $61 million hack in July was approved by Curvey's community on Dec. 21.
The effects of the July hack are still being felt by Curve
Curve Finance, a prominent player in the decentralized finance (DeFi) space, has announced a significant adjustment to its stablecoin, CryUSD – the coin is being repegged to the value of $1. The adjustment is particularly noteworthy as it's the first time CryUSD has returned to its pegged value since it deviated in early November.
The Curve Finance crvUSD peg returns to $1, restoring stability after it became unanchored in November. Coincu News
Slowly but surely, the Curve token price takes off to enter the list of altcoins, making a comeback at the end of 2023. Further, the remarkable comeback for the CRV price teases a high potential uptrend. Crossing the 200D EMA, the recovery rally in Curve token boosts the market price beyond crucial resistances.
Bitcoin's price moved past $38,000 after the software firm revealed details of its recent purchase. BTC has the potential to retrace in the short term, the MVRV ratio indicated.
Curve Finance is looking to raise interest rates for its crvUSD stablecoin. This move is intended to stabilize the coin at $1.
The arbitrage bot was hacked and lost about $2 million in one of the pools of the Curve Finance platform. This was first reported by a user under the pseudonym Spreek.
Exploited MEV bot in Curve pool caused $2M loss, raising worries on DeFi vulnerability.
In a groundbreaking move, Curve Finance, a prominent player in the decentralized finance (DeFi) sector, is making waves by proposing the integration of the Venus Protocol on the Ethereum Mainnet. This strategic expansion aims to tap into Ethereum's vast liquidity and introduces a range of exciting possibilities for DeFi enthusiasts.
Michael Egorov of Curve Finance proposes launching Venus Protocol on Ethereum Mainnet, incorporating Curve's stablecoin crvUSD and CRV as collaterals, with community support for growth.
Curve Finance's crvUSD remained robust despite the uncertainty faced by it during market conditions. Though Revenue generated by the protocol grew, overall code commits made by the protocol fell significantly.
NFT protocol JPEG'd alerted community members to malicious actors targeting holders of its token as phishing scammers continue to target crypto and DeFi operators.
Escalating tension in the Middle East and surging U.S. bond yields set financial markets up for more turbulence, exacerbated by high oil prices and China's property pain.
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
The LST-fi sector witnesses rapid expansion and heightened competition, while Curve Finance adapts but grapples with developer and token performance challenges
CurveFinance, once hailed as the pinnacle of decentralized finance with a staggering $24 billion in total value locked (TVL), now sits forlornly at the 10th position, a shadow of its former glory. The recent setbacks have stirred conversations among crypto enthusiasts and industry analysts alike.
A chunk of the accumulation came from large dormant addresses. Instances like this are accompanied by significant upticks.
Michael Egorov, the founder of Curve Finance, withdrew nearly 12 million CRV tokens, equivalent to $5.08 million, from the platform's vesting contracts on October 12, 2023. This move aligns with the vesting schedule of CRV, enabling Egorov to claim $235,000 worth of CRV daily.
Euro zone borrowing costs were mixed on Thursday, after a bond selloff paused the day before as yields hit crucial levels and the German curve reached its least inverted since March.
Binance Labs – the investment side of the world's largest and most popular digital currency exchange – has placed $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance Puts a Lot of Dough into Curve At the time of writing, Curve is valued at roughly $2.
Curve Finance's native token, CRV, has recently experienced a notable uptick in value, driven by a sudden surge in whale accumulation. As the decentralized finance (DeFi) platform's token rebounds from its November 2022 low of $0.4, crypto enthusiasts are left wondering whether this momentum is sufficient to initiate a sustained bullish trend for CRV.
This comes after BIS chief Agustin Carstens stated that countries must set up legal frameworks for CBDCs.
