Curve Crisis Averted, NFT Loans Protocol Now Votes on Next Steps

The NFT-backed loans protocol that lost nearly $12 million in crypto during the recent Curve exploit (and then paid a $1 million bounty to get most back) now has to decide how to fill the hole. JPEG’d is a NFT-collateralized crypto lending app that issues customers a derivative of ETH, called pETH, that’s tied to […]

The Protocol: Blockchains Keep Launching, From Sei to Shibarium

Past eras of crypto development were marked by a rapid proliferation in protocols for decentralized finance (DeFi) or other purposes, built atop big blockchains like Ethereum. Recently, however, there’s been a mini-explosion in new blockchains, including so-called layer-2 networks built atop Ethereum. The trend is encapsulated in this week’s launch of the Sei network – […]

Curve Token Climbs After Binance Labs Commits to $5M Investment

Binance Labs, the venture capital arm of the world’s largest crypto exchange by trading volume, has committed to investing $5 million in the Curve DAO Token (CRV), the token behind the Curve decentralized exchange (DEX) on the Ethereum blockchain. As part of the collaboration, Curve is exploring a potential deployment on Binance’s BNB Chain, according […]

Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis

Aave token holders started voting today for two governance proposals in response to the systemic liquidation risk posed by Curve founder Michael Egorov’s large borrowing position on the lending protocol. Authored by on-chain risk management platform Chaos Labs, the two proposals aim to disable the borrowing of CRV – the native governance token for stablecoin […]