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The DAO community governing Curve finance is on the verge of approving a 21 million CRV (about $6 million) 1-year funding proposal from Swiss Stake AG, Curve Finance's lead development team headed by the protocol's founder Michael Egorov.
TL;DR DWF Labs has sold its entire Curve DAO (CRV) token at a loss of 17.5%. CRV price has fallen by more than 45% so far this year and has dropped out of the top 100 cryptocurrencies. Curve DAO founder has requested additional funding to continue developing the platform.
DWF labs offloaded all of its over-the-counter bought Curve DAO Token (CRV) to Binance, booking a loss of 17.5%. The crypto trading firm acquired the CRV tokens it liquidated from Curve's founder, Michael Egorov, at around $0.40 during last year's liquidation fiasco.
CRV has successfully retested the breakout level, and now targets new highs at $0.5.
Curve DAO members have raised concerns over a recent proposal by Curve Finance founder Michael Egorov, who has requested 21 million CRV tokens, valued at approximately $6.3 million, to support ongoing development efforts.
Michael Egorov, the founder of Curve Finance, introduced a governance proposal on Monday requesting substantial funding to support ongoing development through his company Swiss Stake AG.
Curve Founder Michael Egorov seeks funding for his company in a proposal marks a departure from Curve DAO's usual operations.
Curve founder Michael Egorov has proposed a 21 million CRV grant to fund Swiss Stake AG's ongoing development and research efforts and is seeking community support for the initiative.
A decentralized finance (DeFi) altcoin is outperforming the broader crypto market this week, sparking a 30% surge amid inflation rate cuts.
In a notable development for the decentralized finance (DeFi) space, the Curve DAO Token (CRV) has experienced a significant price surge after a substantial reduction in token inflation. CRV's inflation rate has dropped to 6.35%, a marked decrease from previous levels.
Curve DAO Token (CRV) has experienced a 10% increase in the past 24 hours following a reduction in its inflation rate to 6.35% on Monday.
The Curve DAO price rose for the second consecutive day after developers reduced the token emissions. Curve (CRV) token jumped to a high of $0.
Despite these gains, it is important to note that CRV is still far from its all-time high of $60.50, a peak it reached in August 2020.
TL;DR CRV Emissions Reduced: Curve Finance has reduced CRV token emissions for the fifth consecutive year, lowering the total supply to 2.09 billion, with 930 million tokens locked as veCRV. Sustainability Milestone: For the first time, Curve DAO earnings have exceeded CRV emissions, marking a significant step towards sustainability.
The high open interest amid negative funding rates suggests an increase in short positions.
Curve Finance's CRV token emissions reduced to 162.7 million annually, while Curve DAO earnings surpass emissions for the first time.
This move aims to encourage creators to see their projects through, but its impact on preventing rug pulls remains uncertain.
Memecoin creators now receive 0.5 SOL when the token reaches the bonding curve, whether or not they ever held the token of their creation.
Pump.fun is incentivizing memecoin creators to get their tokens off to a successful launch, but the jury's out whether it will stop bad actors from rugging their tokens early.
The Federal Reserve may be a bit late cutting interest rates, but it's not yet behind the curve in forestalling a U.S. recession.
This week, the crypto market witnessed a notable correction following the pioneer digital asset Bitcoin. From Monday's peak of $70000, the BTC price is 11.6% to trade at $61862, bolstering a fresh correction trend in most major altcoins.
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In this ongoing bearish market sentiment, the Curve DAO (CRV) is gaining massive attention from investors and traders due to a significant price surge. Amid this upward momentum, a whale caught moving notable CRV tokens from Binance, as reported by an on-chain analytic firm Lookonchain. Whale moves 5.
Curve Finance founder Michael Egorov has addressed concerns about potential governance attacks, following a controversial Compound Finance hack. The vulnerability of governance systems are put to question after a small group of investors allegedly accumulated enough tokens to push through a contentious proposal on the Compound platform.
