Curve


Markets

Curve Finance Mulls Removing TrueUSD as Collateral for Stablecoin Curve USD

“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.

(vlastas/iStock)

Markets

DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve

The exploiter created 58 million of the protocol's CVG token and then swapped for roughly $200,000 worth of wrapped ETH and crvFRAX and forwarded to Tornado Cash.

outflows (Unsplash)

Tech

DeFi Heavyweight Curve Focused on Becoming ‘Safest’ Lending Platform, Founder Says

Egorov’s $100 million in loans taken from various protocols using Curve’s CRV tokens started to automatically liquidate on Thursday, sending the token down as much as 30% before it briefly recovered.

Curve Finance's Michael Egorov (Michael Egorov, modified by CoinDesk)

Videos

Fed Sees Just One Rate Cut This Year; CRV Slides as Curve’s Founder Faces Liquidation Risk

"CoinDesk Daily" host Michele Musso breaks down the biggest headlines impacting the crypto industry today, as the U.S. Federal Reserve announced on Wednesday that it expects just one rate cut this year. Plus, Australia's regulators are looking to include stablecoin legislation into its legislative bill for the digital assets sector and the CRV token plunges as Curve founder faces multi-million dollar liquidation risk.

CoinDesk placeholder image

Markets

DeFi Giant Curve Roiled as Founder's Loans Get Liquidated; CRV Slides 30%

Addresses tied to Curve founder Michael Egorov are borrowing nearly $100 million in various stablecoins against $140 million in curve tokens.

(vlastas/iStock)

Markets

PayPal's Stablecoin Part of Third Largest Liquidity Pool on Curve

Curve's FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million.

Curve pools: FRAXPYUSD is the third largest by TVL (Curve)

Videos

Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave

Curve founder Michael Egorov has deposited 68 million CRV tokens worth $35 million to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Recent Videos

Finance

Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave

Egorov now has $132 million worth of collateral and $42 million in debt across all other DeFi lenders.

CRV token bounces 3% (CoinDesk data)

Tech

Coinbase Earned $1M Amid Hack, but Hasn't Reimbursed Victims

Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit.

Coinbase CEO Brian Armstrong (Coinbase)

Tech

The Protocol: Coinbase Blockchain's Viral Use Case Puts Focus on Optimism's Tech

The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase's new Base blockchain, Shiba Inu community's "Shibarium" network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks.

Chart shows surge in buyers on Base's Friend.tech app after the project announced it had received an investment earlier this year from the crypto-focused venture capital firm Paradigm. (Messari/Dune)

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