BTC logo
BTC
$111,447.95
0.18%
ETH logo
ETH
$4,045.27
1.19%
USDT logo
USDT
$1.0005
0.04%
BNB logo
BNB
$1,181.14
0.09%
XRP logo
XRP
$2.4559
1.86%
SOL logo
SOL
$196.58
3.28%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3233
1.80%
DOGE logo
DOGE
$0.2000
0.92%
ADA logo
ADA
$0.6795
1.56%
HYPE logo
HYPE
$39.11
1.66%
LINK logo
LINK
$18.48
1.06%
USDE logo
USDE
$1.0001
0.04%
XLM logo
XLM
$0.3307
0.46%
BCH logo
BCH
$525.69
1.15%
SUI logo
SUI
$2.7181
2.84%
AVAX logo
AVAX
$22.21
0.65%
WBT logo
WBT
$42.25
1.34%
LEO logo
LEO
$9.6380
0.13%
HBAR logo
HBAR
$0.1832
1.52%
BTC logo
BTC
$111,447.95
0.18%
ETH logo
ETH
$4,045.27
1.19%
USDT logo
USDT
$1.0005
0.04%
BNB logo
BNB
$1,181.14
0.09%
XRP logo
XRP
$2.4559
1.86%
SOL logo
SOL
$196.58
3.28%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3233
1.80%
DOGE logo
DOGE
$0.2000
0.92%
ADA logo
ADA
$0.6795
1.56%
HYPE logo
HYPE
$39.11
1.66%
LINK logo
LINK
$18.48
1.06%
USDE logo
USDE
$1.0001
0.04%
XLM logo
XLM
$0.3307
0.46%
BCH logo
BCH
$525.69
1.15%
SUI logo
SUI
$2.7181
2.84%
AVAX logo
AVAX
$22.21
0.65%
WBT logo
WBT
$42.25
1.34%
LEO logo
LEO
$9.6380
0.13%
HBAR logo
HBAR
$0.1832
1.52%
Tech
Share this article

Curve Crisis Shows Pitfalls of Decentralized Risk Management

Top DeFi lenders allowed a crypto CEO to take a risky bet, raising key questions about how they manage risk.

By Sam Kessler
Updated Sep 7, 2023, 1:55 p.m. Published Aug 23, 2023, 1:26 p.m.
Stani Kulechov, founder of Aave, at Consensus 2019 (CoinDesk)
Stani Kulechov, founder of Aave, at Consensus 2019 (CoinDesk)