Search results for Curve Finance
Crypto
Curve Finance launches Llamalend v2, deploys on Optimism ahead of Ethereum mainnet
DeFi protocol Curve Finance launched Llamalend v2, an upgraded lending infrastructure, on Optimism ahead of an Ethereum mainnet deployment. The new version removes collateral pairing limits that had been restricted to crvUSD pairs and allows most assets, including Curve LP tokens, to be used as collateral and borrowable assets. Curve received a 250,000 OP token grant from the Optimism Foundation, to be distributed over about two months. Mainnet deployment is planned for the second half of this year.
Crypto
Resolv USR stablecoin loses $25 million in hack due to security flaws
Resolv\'s USR stablecoin suffered a major hacking attack that led to $80 million worth of unbacked tokens being minted and about $25 million being stolen, The Block reported on March 22. The attacker deposited 100,000 USDC into a contract and obtained 50 million USR, using a 500-times mechanism. After the attack, USR fell to $0.025 on a Curve Finance pool and later rebounded to around $0.85.
Crypto
Curve Finance warns PancakeSwap over alleged code theft, says proper licensing needed
Curve Finance has alleged that PancakeSwap used its code without authorisation, Cointelegraph reported on Thursday. Curve said PancakeSwap copied the StableSwap code used for swapping stablecoins and pegged assets in its latest decentralised exchange version, PancakeSwap Infinity. Curve said PancakeSwap should go through proper licensing procedures. PancakeSwap said it would consult with Curve, and discussions are ongoing.
