Aave community votes to transfer 6.11 million CRV from Ethereum mainnet to GLC Safe
The proposal from the Aave community to transfer approximately 6.11 million CRV positions from the Ethereum mainnet collector to GLC Safe has been unanimously approved. The specific details include: transferring all available CRV from Aave's mainnet treasury to GHO Liquidity Committee (GLC) SAFE and deploying it to sdCRV. After implementing this AIP, CRV will be withdrawn from Aave protocol (V2 and V3) on the Ethereum mainnet and all new available CRV will be transferred to GLC SAFE.
Curve Finance: Poll results for Vyper security incident fund recovery performed, covering all affected users
On December 22, Curve Finance announced that the voting results for the Vyper security incident fund recovery have been executed, covering all affected users. The specific compensation includes: distribution of the 7.2 million USD worth of ETH recovered by white hat hackers to the DAO; compensation of the unrecovered portion of the 42 million USD worth of CRV; and recovery of funds from other white hat hackers who received them prior to the vote.
Conic Finance plans to launch v2 version, and the governance token CNC rises by more than 40%
On December 13th, the Curve ecological liquidity platform, Conic Finance, announced its plan to deploy its upgraded version (v2) on Tuesday.
Curve: cryUSD price re-anchors to $1
Curve Finance announced that its stablecoin cryUSD has re-anchored its price. This is the first time cryUSD has re-anchored to $1 since it became unanchored in early November.
Convex launches community vote to add PYUSD/USDC liquidity pool to Curve
On December 5th, Convex Finance initiated a community proposal vote to add liquidity pools for PayPal's stablecoin PYUSD and USDC on Curve. The vote will end on December 8th and currently has a 100% approval rate.
Curve community votes to “increase borrowing rate multiplier to maintain crvUSD peg” proposal
Curve Community has voted to approve the proposal of "increasing the borrowing rate multiplier to maintain crvUSD anchoring", with a final support rate of 100%. The proposal suggests adjusting the pledged ETH interest rate to 15%, and the non-pledged ETH and BTC interest rates to 11%, so that the interest rate differential between the two is approximately equal to the Ethereum pledge APR, which will encourage the market to actively repay loans.
Gauntelet launches proposal to “restart v3 CRV lending on ETH/Polygon”
DeFi risk manager Gauntlet has proposed to restart Aave v3 CRV lending on ETH/Polygon in the Aave community. The motivation for the proposal is due to the large number of CRV positions on Aave v2 during the Vyper vulnerability exploit. As a result, Ethereum and Polygon v3 disabled CRV lending, hoping to reduce the downward trend in CRV prices. Currently, most high-risk CRV positions have left, so Gauntlet proposes to restart CRV lending. The proposal will end at 04:07 on November 25th Beijing time. As of now, the required number of votes has been reached, and the approval rate is 99.98%.
Curve community launches proposal vote to “increase borrowing rate multiplier to maintain crvUSD peg”
Odaily Planet Daily News Official Page shows that the Curve community has initiated a proposal to "increase the borrowing interest rate multiplier to maintain crvUSD anchoring". The vote is now open and will end on November 28th.
Curve: The new stableswap-ng pool is online, with new features such as price oracles
Curve Finance announced on X platform that a new stableswap-ng pool has been launched with the following features:
Convex already supports staking PRISMA tokens
CRV Pledge and Liquidity Mining One-Stop Platform Convex has supported the pledge of PRISMA tokens. Users can pledge PRISMA to the PRISMA+cvxPrisma liquidity pool on Convex to earn rewards.
