Welcome to Finance Redefined, your weekly dose of important decentralized finance (DeFi) insights — a publication crafted to deliver you probably the most vital developments from the previous week.
The $47 million Curve Finance exploit on July 30 had a domino impact on the DeFi ecosystem, primarily as a result of $100 million mortgage taken out by the Curve founder towards the platform’s native Curve DAO (CRV) token. A number of lending protocols have rushed in with new governance proposals to attenuate CRV publicity dangers because the token value fluctuates. On Aug. 3, the native stablecoin of the ecosystem crvUSD depegged because of market circumstances.
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