CRV exposure risk throws a curveball at the DeFi ecosystem: Finance Redefined

CRV exposure risk throws a curveball at the DeFi ecosystem: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of valuable decentralized finance (DeFi) insights — a newsletter crafted to bring you the biggest traits from the previous week.

The $47 million Curve Finance exploit on July 30 had a domino break on the DeFi ecosystem, mainly due to the the $100 million mortgage taken out by the Curve founder against the platform’s native Curve DAO (CRV) token. Loads of lending protocols catch rushed in with contemporary governance proposals to diminish CRV exposure dangers as the token tag fluctuates. On Aug. 3, the native stablecoin of the ecosystem crvUSD depegged due to the market conditions.

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