Curve Finance founder’s $100M debt could trigger a DeFi implosion: Report
Curve Finance founder Michael Egorov has a total of $100 million in debt backed by over 400 million CRV tokens.
Auto Added by WPeMatico
Curve Finance founder Michael Egorov has a total of $100 million in debt backed by over 400 million CRV tokens.
CRV – the native token of the DeFi exchange Curve Finance – has plunged over 12% following the recent exploit on several stable pools of the project. However, the token’s…
A vulnerability in the Vyper programming language widely used by DeFi protocols like Curve Finance led to exploit of multiple Curve liquidity pools on Sunday.
Twitter accounts impersonating Curve Finance have also started to promote a fake refund scheme, further targeting victims of the hack.
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…
The highest recently generated block reward was 584 ETH, created by a MEV bot front-running transactions during the DeFi chaos.
Several stable pools on Curve Finance using Vyper were exploited on July 30.
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…
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…
The stablecoin pool ideally has a weightage of 33.3% of USDT, USDC and DAI; however, on June 15, the USDT weightage rose above 70% in the pool.