All generated proceeds from implementing this strategy will be retained in Abracadabra's treasury and allocated towards mitigating the DAO risk related to CRV's liquidity conditions.
Sun stated that implementing a liquidity pool with tether stablecoins issued on the Tron network would 'amplify user benefits,' highlighting the potential to safeguard against a risky loan.
Curve CEO Michael Egorov has committed to allocate 34% of CRV's total market cap as collateral for loans across various DeFi protocols. This decision raises concerns as a compelled liquidation could lead to selling at a time when prices are already in decline.
The CRV/KRW trading pair, available on South Korea's Bithumb exchange, has demonstrated a notable decoupling from the CRV/USD pairs listed on Western exchanges, which are showing signs of price weakness.
Over $100 million worth of cryptocurrency faces potential risk as a result of a bug affecting Curve, a stablecoin exchange situated at the heart of Ethereum's DeFi ecosystem.
Curve Finance fell victim to a front-end vulnerability triggered by a DNS problem. The issue has subsequently been fixed, and FixedFloat has frozen 112 Ethereum worth of stolen assets.