CRV publicity threat throws a curveball on the DeFi ecosystem: Finance Redefined

Welcome to Finance Redefined, your weekly dose of important decentralized finance (DeFi) insights — a publication crafted to carry 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 because of the $100 million mortgage taken out by the Curve founder in opposition to 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 as a result of market situations.

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