The founder of the stablecoin lending and borrowing protocol Curve Finance, Michael Egorov, is seeing his position liquidated. He had over 111 million CRV tokens in collateral and $20 million in debt over four DeFi platforms, reported Lookonchain on June 13. As the price of CRV fell, other positions went underwater, causing a cascade of...Read More
On the 30th of July, four Curve Finance pools were exploited due to a re-entrancy bug made possible by the Vyper programming language. The hackers attacked four mining pools and made off with a total of $73.5 million. Almost immediately, the community sprang into action – Curve itself extended the standard olive branch, offering to...Read More
As per insightful analysis from Lookonchain, Michael Egorov, the founder of Curve DeFi network, has fully completed the payment of his remaining debt associated with DeFi lending protocol Aave. Egorov’s debt repayment spree was triggered by liquidation risks last month when CRV tokens plunged in value following a massive network exploit. Egorov Settling Debts As...Read More
The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send...Read More
The hackers behind the recent exploit of several pools on the decentralized exchange Curve Finance have returned approximately 73% of the stolen crypto assets, accounting for about $52.3 million. Blockchain security firm PeckShield revealed Monday that Curve Finance lost $73.5 million in the hack. With the amount recovered so far, the exchange is looking to...Read More
Decentralized exchange Curve Finance has teamed up with Metronome and Alchemix to offer a 10% bug bounty to the attackers behind the recent exploit that saw more than $50 million siphoned off the platforms’ pools. According to an on-chain message on one hacker’s Ethereum address, the protocols are willing to cease the pursuit of the...Read More
Justin Sun, the founder of the Tron blockchain, has purchased five million Curve tokens (CRV) from an address labeled “Curve.fi Founder” in an attempt to help with the decentralized exchange Curve Finance’s bad debt situation. As disclosed by blockchain analytics platform Lookonchain, Sun bought the tokens at an average price of $0.4 via an over-the-counter...Read More
On July 30, Curve Finance suffered exploits on a number of its stable pools that were using Vyper, which is a smart contract programming language for the Ethereum Virtual Machine (EVM). Curve alerted its users that alETH, msETH, and pETH stable pools using Vyper 0.2.15 have been exploited “as a result of a malfunctioning reentrancy...Read More
Gauntlet, a decentralized finance (DeFi) risk management entity, seems to be facing some backlash on its latest proposal on the Aave governance forum after it was accused of fixing in elements of a previous one that was voted down by the community. The proposal in question seeks to mitigate the risks regarding a loan tagged...Read More
A wallet linked to Michael Egorov, the founder of decentralized exchange (DEX) and automated market maker protocol Curve, has reduced its on-chain debt by repaying 1.35 million USDT of a loan on the decentralized lending platform, Aave. Egorov’s move comes as Curve’s native token (CRV), used as the loan’s collateral, significantly declined in the past...Read More
Last week’s collapse of Silicon Valley Bank (SVB) and the subsequent contagion appeared to have worked in favor of the decentralized exchanges as trading activity soared to levels not seen since November 2022. According to the latest data from DeFiLlama, the daily trading volume on decentralized exchanges was up by an astonishing 255.36% over the...Read More
The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant trading volume on several decentralized exchanges. Uniswap, for one, reached its highest daily volume ever of $11.84 billion on March 11th. But it isn’t the only decentralized protocol that saw traction. Decentralized Exchanges Register Impressive...Read More
The blockchain interoperability protocol, Celer Network’s cBridge project, became the target of a DNS hijacking attack. The team notified the community about suspicious DNS activity on August 17th. After investigation, it was found that the UI hijack was designed to redirect users to interact with the compromised smart contracts and ultimately drain their balances. The...Read More
DeFi liquidity pool giant Curve.Finance has suffered an exploit after malicious hackers attacked its front end, stealing cryptocurrency worth around $570,000. Paradigm security researcher “samczsun” alerted the community about Curve’s frontend compromise on Tuesday (August 9, 2022), warning people not to engage the protocol until further notice. 🚨🚨🚨@CurveFinance frontend is compromised, do not use it...Read More
Popular decentralized finance (DeFi) protocol Curve Finance is seeking a grant of one million OP tokens from the Ethereum layer-2 network, Optimism. Curve submitted a grant proposal on the Optimism forum on Sunday (July 24, 2022). The one million OP tokens will provide incentives to liquidity providers (LPs) who provide liquidity on Curve pools on...Read More
Summary: Lido Finance has surpassed Curve finance to become the largest DeFi protocol in terms of total value locked Approximately $19.1 billion is locked on Lido Finance compared to Curve’s $19 billion Lido Finance is available on the blockchain networks of Ethereum, Solana, Terra, Kusama, and Polygon. Earlier today, Lido Finance became the largest DeFi...Read More
DeFi protocol Curve Finance, a decentralized exchange liquidity pool on Ethereum, is in the news today after it announced the introduction of an $ETH/$SETH pool on the platform. Finally we have a $ETH / $SETH pool! Ethereum is so good that you only may want to swap it to Ethereum.https://t.co/2fuCc9biNx pic.twitter.com/poj3NtDLmt — Curve Finance (@CurveFinance)...Read More
Yield farming is a popular topic in the DeFi space for some time now. We know you may have many questions regarding yield farming – What is it? Why is it generating so much buzz? Let’s start with a simple statistic. In 2020, the DeFi space is so far growing at a rate of 150%...Read More
