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Curve Founder Moves Over 23 Million CRV To Binance, Is It Time To Take Profit?

Curve Finance founder Michael Erogov has moved over 23 million CRV, the native governance token of the Curve DAO, to Binance, the world’s leading cryptocurrency exchange, over the last five days, The Data Nerd, on December 27, shows. The founder moved 2.5 million CRV on December 27. This transfer may ruffle investors, raising concerns because it could indicate that Erogov is likely liquidating.

Curve founder moves coins to Binance | Source: The Data Nerd via X

CRV Is Firm, Up 60% In The Last 3 Months

While the founder’s sale of CRV could put downward pressure, the token remains firm and is up roughly 60% from September 2023 lows. The token trades above $0.60 at spot rates, rejecting selling pressure as the daily chart shows.

If bulls press on, it could break above $0.72 to record new 2023 highs. The token is trending higher, rejecting bear attempts amid improving sentiment across the crypto scene. Although Erogov is selling CRV, the market seems to interpret the move as bullish.

Curve price trending upward on the daily chart | Source: CRVUSDT on Binance, TradingView

The spectacular revival of CRV is net bullish for the protocol, suggesting that investors are still confident despite headwinds in early H2 2023 when several Curve pools were exploited due to a Vyper compiler issue.

Curve Founder Sold CRV To Prevent Liquidation Of DeFi Loans

Following the hack in late July 2023, Erogov was forced to liquidate a large chunk to prevent liquidation. On its part, the hack led to over $52 million in crypto assets, including 7.19 million worth of CRV, lost. In the aftermath of the hack, prices crashed.

At the time of this hack, Erogov had over $100 million in DeFi loans backed by 427.5 million CRV as collateral. As CRV prices fell, the health of Egorov’s loans fell in tandem. 

If the value of Egorov’s CRV collateral were to fall further, it could face liquidation. This meant that all protocols from where the founder had borrowed using CRV as collateral would have been forced to sell the token at spot rates to repay the loan. As an automated intervention, the event would have likely caused a cascade, even impacting ordinary holders using CRV as collateral. 

To avoid this and as a form of intervention, Tron founder Justin Sun and multiple other parties, including Jeffrey Huang, made deals to buy CRV from the Curve founder, preventing this liquidation from happening. 

Michael Erogov portfolio | Source: Debank

According to DeBank on December 27, Erogov’s crypto portfolio was north of $136 million. Out of this, the founder owns over $38.9 million of CRV.

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Curve Finance Resurgence: 70% Of Stolen Funds Recovered, Redemption On The Horizon

Curve Finance (CRV), a leading decentralized finance (DeFi) protocol, announced significant progress in its recovery efforts following a recent hack that resulted in losing $73.5 million across several projects within its factory pools. 

The attack on July 30 exploited a critical security flaw known as a “reentrancy vulnerability,” allowing malicious actors to drain funds from Curve’s smart contracts.

Curve Finance Commits To Restitution Process For Hacked Funds

In a significant effort, Curve Finance has successfully retrieved 70% of the funds affected by the hack. While this achievement marks an important milestone, an active investigation is underway to recover the remaining balance and hold the perpetrators accountable.

Understanding the gravity of the situation, Curve Finance has also taken proactive measures to ensure a fair and transparent distribution of the recovered funds to affected users.

The protocol is diligently working to measure the respective shares of each impacted account, aiming to facilitate an equitable restitution process that prioritizes user protection and trust restoration.

Curve Finance’s recovery efforts are further bolstered by their recent announcement of a $1.85 million bounty. This generous reward will be granted to anyone who can provide accurate information leading to the identification and apprehension of the attackers holding the remaining funds. 

By offering this substantial bounty, Curve Finance actively encourages community participation and collaboration to expedite the investigation and bring the perpetrators to justice.

Curve’s Post-Hack Safety Report

Following a thorough investigation, Curve Finance discovered that the exploit primarily targeted the aleth, peth, mseth, and crveth pools. 

The vulnerability stemmed from a bug within the vyper 0.2.15-0.3.0 version, which the protocol promptly identified as the root cause of the breach. By swiftly pinpointing the issue, Curve Finance was able to take immediate action to mitigate any further risk to its users.

It is important to note that all other pools on Curve Finance have been confirmed as safe and unaffected by the exploit, according to Curve’s update. This assurance gives users the confidence to continue utilizing the platform, knowing that their funds remain secure within these pools.

Alongside the technical remediation, Curve Finance collaborates with security experts, auditors, and the broader DeFi community to conduct thorough audits and implement additional security measures. 

This collaborative approach aims to reinforce the protocol’s resilience and prevent similar incidents in the future. Overall, Curve Finance’s recovery of 70% of the hacked funds, coupled with its ongoing investigation and bounty initiative, underlines the protocol’s commitment to user protection and the broader DeFi community. 

Curve

According to Token Terminal data, Curve Finance’s circulating market cap currently stands at $518.76 million, reflecting a decrease of 22.29% over the analyzed period. 

The fully diluted market cap, which represents the potential future market value of the project, is estimated at $1.97 billion.

Curve Finance’s total value locked (TVL), a crucial indicator of the protocol’s popularity and user engagement, currently amounts to $2.44 billion. Despite a decline of 35.19% over the analyzed period, Curve Finance maintains a substantial TVL, highlighting its significance within the DeFi landscape.

Featured image from iStock, chart from TradingView.com

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Curve DAO Scores $5 Million Boost From Binance, Eyes BNB Chain Expansion

In a strategic move to bolster the decentralized finance (DeFi) sector, Binance Labs, the venture capital and incubation arm of Binance, has committed a substantial $5 million investment in Curve DAO Token (CRV). 

The Ethereum-based CRV token is the backbone of the Curve ecosystem, which has established itself as the largest stable swap and second-largest decentralized exchange (DEX).

Curve and Binance’s BNB Chain Forge Strategic Alliance

As part of the partnership, Curve will explore the deployment of its protocol on the BNB Chain, the thriving ecosystem powered by its native token, BNB. This strategic alignment aims to leverage the strengths of both platforms, further fueling the growth of DeFi on the BNB Chain.

Yi He, Co-Founder of Binance and Head of Binance Labs, expressed enthusiasm about the collaboration, stating: 

Curve is the largest stableswap, and as a key protocol in DeFi, it has contributed to the steady growth of the space in 2023. Given the recent events that have impacted the protocol, Binance Labs has offered our full support to Curve through our investment and strategic collaboration. We view this cooperation as a starting point and look forward to working together to further propel the growth of the DeFi ecosystem.

Curve Founder, Michael Egorov, acknowledged the significance of the collaboration, stating:

BNB Chain has earned a significant presence in DeFi and is well-positioned to deploy Curve’s current and future products on its chain. We look forward to collaboratively fostering innovation and growth across the DeFi ecosystem.

According to Binance Labs’ announcement, Curve’s Automated Market Maker (AMM) platform has revolutionized liquidity provision in DeFi, offering hundreds of incentivized liquidity pools with low slippage and transaction fees. 

With the support and strategic investment of Binance Labs, the protocol seems poised to accelerate its mission to transform DeFi by increasing liquidity, reducing transaction friction, and expanding its ecosystem. 

Is Cross-Chain Interoperability The Key To Curve’s Success On BNB Chain?

Deploying Curve to BNB Chain brings numerous advantages to both Curve and the BNB Chain ecosystem. One key benefit is enhanced scalability, as BNB Chain offers high throughput and low latency, providing a robust infrastructure for DeFi protocols like Curve.

By deploying on BNB Chain, Curve can leverage the network’s capabilities to handle more transactions and accommodate the growing user demand.

Another advantage is the lower transaction fees offered by BNB Chain. This cost-efficiency appeals to users seeking to minimize expenses when interacting with Curve. By deploying on BNB Chain, Curve users can enjoy reduced transaction fees, enhancing the overall affordability of using the Curve protocol.

The cross-chain interoperability of BNB Chain also enables seamless integration of assets and protocols from different blockchains, creating opportunities for Curve to collaborate with other projects and protocols within the BNB Chain ecosystem. 

Deploying Curve to BNB Chain can expose the protocol to the extensive Binance ecosystem. Binance, one of the world’s largest cryptocurrency exchanges, operates its ecosystem on BNB Chain. 

This exposure opens doors to potential partnerships, collaborations, and increased visibility among Binance users, further strengthening Curve’s position in the market.

Overall, deploying the platform to BNB Chain aligns with its goal of expanding its presence across multiple chains and reaching a broader user base. 

By leveraging the advantages of BNB Chain, such as enhanced scalability, lower transaction fees, access to a large user base, cross-chain interoperability, and exposure to the Binance ecosystem, the protocol can contribute to the growth and development of the DeFi ecosystem.

Curve

Featured image from iStock, chart from TradingView.com 

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Curve Finance Exploiter Returns 61,000 ETH After Protocol’s Stern Warning

In a surprising turn of events, the hacker known as the “Alchemix/Curve Finance Exploiter” has returned a total of 4,819.55 alteth and 6106 Ethereum (ETH) to Alchemix Finance, as reported by the journalist Colin Wu.  

The hacker, who had gained unauthorized access to the protocol, had earlier demanded that the Alchemix Finance team confirm the address to which they wanted the stolen funds returned.

Curve Finance Breach Ends On Positive Note

Curve Finance has announced the return of stolen funds worth over $60 million, which were taken in a recent exploit. 

As reported by NewsBTC, the protocol had issued a statement on Etherscan, urging the hackers to return the funds, and offered a 10% reward for their return. The hackers have agreed to return the funds, keeping 10% of the stolen amount.

The attack on Curve Finance, which took place on July 30th, significantly impacted the decentralized finance (DeFi) sector and raised concerns about its security. 

The hack targeted several pools on Curve Finance, withdrawing more than $47 million from various DeFi projects. This led to a drop in the value of Curve DAO (CRV), prompting its founder, Michael Egorov, to sell off the asset to save it.

Following the attack, Curve Finance has taken measures to improve its security, including updating its contracts and implementing stricter security protocols. The protocol has also called on the hacker to return the stolen funds and offered a reward for their cooperation.

The hack had caused significant concern among the cryptocurrency community. Still, the Alchemix Finance team’s swift response and the hacker’s decision to return the stolen funds demonstrate the importance of protocols taking swift action to protect their users and assets.

CRV Sees Strong Trading Volume Despite Recent Hack

Curve Finance is one of the largest decentralized exchanges (DEXs) in the cryptocurrency market, with a total value locked (TVL) of $2.349 billion, according to data from DeFiLlama. 

The exchange has a market capitalization of $540.35 million and a fully diluted valuation of $2.035 billion, making it a significant player in the DeFi ecosystem.

The Curve Finance token (CRV) price currently stands at $0.62, with a 24-hour trading volume of $177.09 million. The staked amount of CRV is $432.64 million, representing approximately 80.07% of the market capitalization of the protocol.

Curve Finance

The data from DeFiLlama highlights the significant role that Curve Finance plays in the DeFi sector, with a substantial TVL and a high level of staked tokens. The liquidity available for trading on the exchange is also significant, with a high annualized trading volume and fees.

The revenue generated by Curve Finance demonstrates the potential for decentralized exchanges to become profitable businesses, offering a viable alternative to centralized exchanges. 

Overall, the data from DeFiLlama highlights the significant role that Curve Finance plays in the DeFi ecosystem and the potential for decentralized exchanges to become profitable businesses. With its high TVL, staked tokens, and liquidity, Curve Finance is well-positioned to continue its growth and become a leader in the DeFi sector.

Featured image from Unsplash, chart from TradingView.com

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Curve Finance Fights Back With Warning And Unrefusable Offer To Hacker

Curve Finance (CRV) has issued a statement on Etherscan, addressing the hackers responsible for the recent exploit that resulted in the loss of over $60 million from the protocol. 

In the statement, Curve, Metronome & Alchemix have invited the hackers to discuss a potential bounty, offering a 10% reward for any stolen funds, which they can keep if they return the remaining 90%.

Curve Finance Gives Hackers Ultimatum

The group has emphasized that there will be no risk of them pursuing legal action or involving law enforcement if the hackers participate in this voluntary return process. 

However, suppose the hackers do not participate and complete the process by August 6. In that case, Curve Finance will expand the bounty to the public and offer the full 10% reward to anyone who can identify them in a way that leads to their conviction in court. The encrypted message on Etherscan further noted:

If you choose not to participate in the voluntary return and complete the process by August 6, we will expand the bounty to the public, and offer the full 10% to the person who can identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law.

To verify their ownership of the email address, anyone emailing Curve Finance will have to complete a verification process on-cain before any discussions occur.

The statement highlights Curve Finance’s commitment to recovering the stolen funds and bringing those responsible to justice. 

By offering a bounty and encouraging the hackers to return the funds voluntarily, Curve Finance is proactively resolving the situation. However, the group has also clarified that they will pursue all legal avenues to recover the funds if the hackers choose not to cooperate.

It remains to be seen whether the hackers will take Curve Finance up on their offer or whether the group will need to expand the bounty to the public. Nevertheless, this statement demonstrates Curve Finance’s determination to protect the protocol and its users and sends a strong message to would-be attackers that such actions will not be tolerated.

Aave DAO Member Suggests Tactical Move To Acquire CRV

An Aave Decentralized Autonomous Organization (DAO) member has proposed a strategic move to acquire CRV tokens using USDT from the Aave DAO treasury. 

Recent events surrounding Aave V2 have provided an opportunity to incentivize GHO liquidity through Curve voting power. 

The proposed acquisition of CRV tokens will benefit the Decentralized Finance (DeFi) ecosystem by providing additional liquidity to the Curve protocol. Additionally, the move will position Aave DAO to benefit from the ongoing “Curve wars” and gain extra voting power on the platform.

The Aave DAO member who proposed the move emphasized the importance of taking a strategic approach to treasury management. By acquiring CRV tokens with USDT, Aave DAO can maintain a conservative approach to treasury holdings while still supporting the growth of the DeFi ecosystem.

The proposal has received positive feedback from the community, with many members expressing support for the move. If the proposal is approved, it will be a significant step forward for Aave DAO and the broader DeFi ecosystem.

Overall, this proposal demonstrates the importance of strategic treasury management in the fast-paced world of DeFi. By taking a conservative approach to treasury holdings while still supporting the ecosystem’s growth, Aave DAO is setting an example for other DeFi projects to follow.

Curve Finance

Despite the ongoing issues experienced by the Curve protocol, CRV has reported significant gains of over 4% in the last 24 hours, with the current trading price at $0.602. 

Featured image from Unsplash, chart from TradingView.com

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CRV Price Recovers From 6-Month Lows, What’s Driving The Price?

Curve Finance’s native token CRV has recovered from a 6-month low, and many believe that the news of Huobi co-founder Jun Du buying CRV tokens has contributed to it. 

Jun Du bought 10 million tokens valued at $4 million from Micheal Egorov, founder of Curve. Egorov had offered his tokens for sale to bolster his at-risk loan positions, primarily for borrowing stablecoins using CRV tokens as collateral. 

Some Positives For Curve Finance Despite Hack

Curve Finance, one of the biggest DeFi protocols on the Ethereum blockchain, recently saw its in-house CRV price recover about 25% at the start of the month. It had previously dropped by 35% between July 30-31 following the panic selloff spearheaded by Curve Finance’s $47 million exploit. 

The July reentrancy attack was not the only exploit recorded on Curve Finance as the DeFi protocol had previously lost over $570,000 in August 2022 after hackers compromised the front end of its liquidity pool. 

However, the recent acquisition of 10 million tokens by Jun Du projects a positive outlook for CRV tokens, especially the recent attack on its ecosystem. Confirming the transaction, Du noted that he has locked up his investment for a period of one year as veCRV. 

Apart from Du, the Aave Chan Initiative, a delegate platform from Aave’s governance forum, recently put forward a proposal for the purchase of about $2 million worth of CRV. After the planned purchase, which is to be made by the Aave Treasury, the CRV tokens would also be locked up as veCRV for about four years. 

Curve (CRV) price chart from Tradingview.com

CRV Remains Popular Among Investors

Egorov has so far sold 72 million CRV tokens to various investors and the continued purchase and acceptance of the CRV token demonstrates its popularity and utility. 

One such investor who remains bullish on CRV is Justin Sun, founder of the Tron network. He recently acquired 5 million CRV from Egorov by paying using Tether’s USDT in a direct Over-the-counter (OTC) trade. Justin confirmed the purchase in a tweet noting that both platforms “As steadfast partners” will keep being “…committed to providing support whenever needed.”

According to a Twitter post by Sandra from Nansen, other popular purchasers of Curve tokens include Cream Finance, Machi Big Brother, DWF Labs, DCFGod, and Andrew Kang, co-founder of Mechanism Capital. 

A vast majority of these transactions were conducted through OTC, with Egorov realizing over $20 million, which he applied to balancing his borrowings and removing himself from liquidation. Egorov also sent another huge supply of CRV (17.5 million) to an address starting with 0xf51. 

Once the largest DeFi protocol on the Ethereum blockchain, the vast majority of Curve trading volumes still come from Ethereum. 

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Aave Price Recovers Back To $57, But Threat Of New Attack Looms Over Protocol

The Ethereum-based decentralized finance (DeFi) protocol Aave suffered an attack led by Avraham Eisenberg. The controversial individual was behind a sophisticated run against Mango Markets. The run has been called an attack by some and a clever strategy by others. 

Aave (AAVE) trades at $57 with a 7% and 36% loss in the last 24 hours and the previous week, respectively. Curve Finance’s native token CRV was also part of the attack. This token has seen significant selling pressure in the short term but has been trending to the upside over today’s trading session. 

Aave AAVEUSDT

AAVE’s price moving sideways after a downside trend on the daily chart. Source: AAVEUSDT Tradingview

Orchestrating An Attack On Aave, First Attempt?

Rudy Kadoch, founder of the portfolio management project Nested, summarized yesterday’s event and the “Bad Debt” attack on Aave. According to this report, Eisenberg borrowed $83 million of CRV and used $50 million of stablecoin USDC as collateral on the decentralized finance platform. 

Eisenberg published the thesis that supported this strategy in October 2022 via his Twitter account. It was public, and his objectives were perfectly outlined: to leverage his initial capital to influence the price of an illiquid token, such as CRV or Ravencoin (RVN), in hopes of creating “bad debt,” an excess liability assumed by the protocol. 

To pay off this debt, Aave would trigger an auction mechanism that involves selling AAVE on the spot market. By taking a short position on this token, Eisenberg would benefit. 

By prompting the price of the underlying collateral, the Aave borrower can double or increase its price by five-fold “at least.” This attack was unsuccessful, as Kadoch noted, due to a lack of capital. The actor was trying to liquidate a CRV whale to create a bad debt. 

However, as the attack was being carried out, the team behind Curve Finance released the whitepaper for a stablecoin, crvUSD. This announcement supported the price of the token and shifted the trend. Kadoch noted: 

– $sdCRV, $cvxCRV, $yCRV depegged a lot with more than a 10% discount to get back $CRV.

– People are paying more than 200% to borrow $CRV.

– People telling Aave is not secure while the system was ready for such an event.

The Future Of Aave In Jeopardy?

On the other hand, the protocol operated as intended without centralized intervention. The team behind Aave claims that they will talk with the community and the DAO about the recent incident. 

In that sense, the protocol might introduce changes in the coming days to mitigate “long tail asset risk.” Many believe Eisenberg will resume its attack on the protocol once he can pool together more capital. 

The “Bad Debt” attack on Aave was like the situation that led to the FTX’s collapse. The failed company issued held massive amounts of FTT, its native token. When the price of the asset crashed, Sam Bankman-Fried’s empire followed. 

Unlike FTX, as many users pointed out, everyone can access on-chain information about Eisenberg’s transactions, the state of the protocol’s finance, and the amount of bad debt it held on its balance sheet. This transparency is the critical difference between centralized ecosystems and decentralized protocols. The team behind Aave stated:

Most importantly, today’s events are in contrast to those we have seen with centralized entities in the space – the transactions were entirely traceable and auditable on-chain, providing transparency for users and the community.

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Curve Finance: Issue Found And Reverted, CRV Sees 10% Losses

Via their official Twitter handle, the Ethereum-based decentralized finance (DeFi) protocol Curve Finance has confirmed a vulnerability in their nameserver or frontend curve.fi which was successfully reverted. Earlier, the team behind the project advised caution to its users and claimed an investigation has been launched to look into any potential vulnerabilities exploit.

The team behind the project said:

The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke immediately. Please use curve.exchange for now until the propagation for curve.fi reverts to normal

The team behind the project shared a potential theory about what could be affecting their frontend. A bad actor might have “cloned” their frontend, making it look like it is the same as the Curve Finance product, to affect people accessing it.

The team behind the project shared the following theory from Lefteris Karapetsas, founder of Rotkia App, about the attack affecting their Domain Name System (DNS):

It’s DNS spoofing. Cloned the site, made the DNS point to their ip where the cloned site is deployed and added approval requests to a malicious contract.

Therefore, anyone attempting to access Curve Finance’s curve.fi frontend should refrain from it until there are more details behind the potential attack. In a separate tweet, the team behind the project said that curve.exchange frontend seems to be unaffected.

Any Curve Finance user should revoke transaction approval for the following ETH smart contract addresses: 0x9Eb5F8e83359Bb5013f3D8eee60bDCe5654e8881 and watch out for transactions from address 0x50f9202e0f1c1577822BD67193960B213CD2f331 which the attacker could be using.

Curve Finance Tokens Sees Correction Following Attack

Curve Finance is, at least, the fourth project to be impacted by this DNS hijacking attack, according to Karapetsas. Other DeFi projects victims of these attacks include Ribbon Finance, DeFi Saver, and Convex Finance. Alex Smirnov, a co-founder of deBridge, said the following about this recent attack:

DNS is always a weak link. Here is how we solve this in deBridge and I think every DeFi project should have this.We have an automated monitoring system that checks the hash of the website and all its files. In case hash is changed, critical monitoring is immediately triggered.

Curve Finance claims that the issue could have originated from iwantmyname a DNS manager, but they are yet to offer more details about the incident. As the attack unveiled, the CRV token recorded a 10% correction in the past 24 hours.

CRV’s price trends to the downside on the 4-hour chart. Source: CRVUSDT Tradingview

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Crypto Market On The Mend: ApeCoin And Curve DAO Show Gains

Several altcoins are gaining attention as the cryptocurrency market is on the mend, including ApeCoin (APE) and Curve DAO (CRV), which have increased by 17% and 24% over the previous 24 hours, respectively. People are becoming more optimistic as a result of these improvements.

ApeCoin (APE) is ranked number thirty-three in the top 100 coins. It is an ERC-20 token generated for governance and utility. The decentralized autonomous organization ApeCoin DAO developed and debuted the coin and is based on the Ethereum blockchain network.

Related Reading | TA: Ethereum Eyes Fresh Surge, Why ETH Could Surpass $1,700

APE has climbed dramatically from its June low of $3.1189. According to data from CoinGecko, the price of ApeCoin today is $6.7739, up 17% from the previous day and 43% from the last week. Its current market cap is $2.08 billion, with a significant rise of  16% during the last 24 hours.

APE is linked to the well-known Bored Ape Yacht Club. Yuga Labs developed the Bored Ape Yacht Club, a 10,000-strong non-fungible tokens (NFTs) with an ape theme with various aspects and distinctive qualities, such as digital art, image, music, and video files that have been tokenized and protected using blockchain technology.

Its price increased after Yuga Labs gave a select group of gamers a sneak peek into its Otherside metaverse. Therefore, this might be one of the key causes that contributed to the APE price increase. 

As per the announcement, the 4,300 players, referred to as “Voyagers,” were welcomed to the immersive, ape avatar-navigated internet platform on Saturday for a first-look tech presentation and tour.

Curve DAO is currently trading at $1.52 on the daily chart | Source: CRVUSDT From Tradingview
Curve DAO (CRV) Is Steadily Struggling To Recoup Its Value

Due to the market meltdown this year, other coins are struggling to recover, and CRV is also on the path to recovery with them. Curve DAO is a native token for Curve Finance, one of the world’s largest decentralized finance (DeFi) systems.

Since its introduction, Curve DAO has attempted to sustain some of the momenta after falling from its highs. However, from the start of this year, the CRV token has experienced sharp declines. It started the year at $6.2061 and dropped to $2.3958 in the first month.

After falling from the $2 level, it reaches a new low in the second month. In March and April, the token’s price slowly kept increasing, fluctuating between $2.78 and $1.95. But, things started to change in June when the token experienced a continuous slide and hit a low of $0.54047.

Related Reading | Solana Zoomed Up By 20% In A Week, This Could Be The Next Target

However, CRV is showing signs of positivity this month and is moving forward with its comeback. It has rebounded from its June low and is presently trading at $1.47, up significantly over the last 14 days by 40.0%.

The anticipated introduction of Curve stablecoin is the main factor behind today’s positive price activity. Michael Egorov, the founder of Curve, acknowledged the debut of an over-collateralized stablecoin during a web3 event.

Featured image from Flickr, chart from Tradingview.com