Curve DAO (CRV) has been in the news multiple times recently with a varied range of highlights. The platform started off by launching
'Savings crvUSD', a yield-bearing stablecoin. While some analysts predicted that this Ethereum-based altcoin is prepared to soar by up to 150%, others questioned the future of CRV after its founder, Michael Egorov, faced a
liquidation crisis. The emission reduction of CRV for the fourth year resulted in a 10% surge in the token's price. Amidst these events, major crypto exchange Binance revealed its major support for Curve DAO token. Despite facing a steep price drop and liquidation events, CRV sees potential recovery signs and records double-digit gains amidst market rally. Collaborations are also on the horizon with TON, a proof-of-stake blockchain network, teaming up with Curve Finance on a stablecoin swap initiative. Meanwhile, CRV's founder repaid 93% of a 10 million-dollar debt raised from liquidation, raising hopes for CRV's future. Additionally, the Curve finance founder also deposited 24 million CRV into Aave to safeguard a 65 million-dollar stablecoin loan. However, recent challenges include CRV's price dropping 30% and a
hack leading to a loss of $50 million.
CRV Coin News Analytics from Thu, 14 Apr 2022 07:00:00 GMT to Fri, 15 Nov 2024 12:45:27 GMT -
Rating 6
- Innovation 6
- Information 8
- Rumor -3
