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.
The agency's opportunity for public input is coming to an end regarding its proposal to broaden the scope of exchanges, encompassing a significant portion of decentralized finance. However, the crypto sector is expressing its opposition to this expansion.
Chainalysis and Elliptic have discovered that cryptocurrencies serve criminal purposes, but this alone is insufficient to justify its prohibition.
The strategy involves Balancer conducting raids on its own trading pools ahead of other arbitrageurs.
The deployment of Curve's native stablecoin is a significant milestone in its eagerly awaited public release.
Within the first six months, Ribbon said it anticipates trading volumes to exceed $100 million daily.