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Newest DAO Project Was Thrown a Curve, but the Team Is Rolling With It Anyway
An anonymous DeFi user deployed Curve Finance’s DAO and token smart contracts without the team’s permission, but the Curve team is adopting it anyway.
On Thursday, an anonymous DeFi user deployed Curve Finance’s Decentralized Autonomous Organization (DAO) and token smart contracts without the team’s permission, but the Curve team is adopting it anyway.
STORY CONTINUES BELOW
- Since launching, the token contract already has roughly 3,500 active addresses and has seen some 31,000 transactions.
- Following the deployment, Curve Finance tweeted it had “no choice but to adopt it,” saying in another tweet it appears “to be an acceptable deployment with the correct code.”
- The abruptness of the launch and the team’s willingness to go along with the premature activation has raised eyebrows in the DeFi community.
- Curve Finance is a decentralized exchange for stablecoin trading and has been live since February. The CRV token is designed to work with the Curve DAO.
- 0xc4ad signaled the premature launch of Curve's DAO and governance token on Twitter.
Yo, @CurveFinance ! Saw your DAO is ready to rock and I gots to MAXIMIZE MY ALPHA ! So I went ahead and deployed it for you. Get at me in DM to verify and lets get this party started!! pic.twitter.com/D0KqEg4Ldr
— 0xc4ad (@0xc4ad) August 13, 2020
Curve did not respond to CoinDesk’s request for comment at the time of publication.
Colin Harper, Blockspace Media
Colin writes about Bitcoin. Formerly, he worked at CoinDesk as a tech reporter and Luxor Technology Corp. as head of research. Now, he is the Editor-in-Chief of Blockspace Media, and he also freelances for CoinDesk, Forbes and Bitcoin Magazine. He holds bitcoin.
