Curve Finance, an Ethereum-based DeFi platform, has seen recent intense activity around its token,
CRV. Boasting significant gains, it has become a top-performing altcoin outperforming other DeFi tokens, with the token price surging significantly due to several major developments within the platform, including the launch of the yield-bearing stablecoin '
Savings crvUSD'. Curve Finance marked its fourth year by reducing
CRV emission, which led to a 10% token surge. A proposal of directing 10% of
CRVUSD Borrow Fees to its Stablecoin Savings Vault was under consideration. However, the token experienced a steep dip, and Curve founder
Michael Egorov faced a $27M liquidation following a significant drop in CRV token price. Despite these setbacks, the platform made grand strides, with monthly revenues increasing by 20% due to a DeFi surge, the platform continuing to put focus on becoming the safest lending platform. Controversially, Egorov proposed using 21M CRV to fund future developments. The platform considered dropping TrueUSD as collateral amidst uncertainty. A new DeFi Hackathon was launched in collaboration with the
TON Foundation, resulting in a rally of both TON and CRV>.
CRV Coin News Analytics from Fri, 14 Aug 2020 07:00:00 GMT to Tue, 10 Dec 2024 14:30:00 GMT -
Rating 3
- Innovation 4
- Information 8
- Rumor 6
