# What'up on Curve ? #143 By [Cryptouf](https://paragraph.com/@cryptouf) · 2023-08-01 --- If it’s not already the case, remember that you can subscribe to this Newsletter, so you won’t miss it ! Subscribe below 👇 [Subscribe](null) * * * This edition is pretty big. So you may need some time for all tweets to load properly Pool reentrancy exploit ----------------------- Last few days were very dark for Curve. But before starting, it’s important to understand what happened and what are the real issues. We have seen a lot of things around, and a lot of FUD for things that were not relevant. [![User Avatar](https://storage.googleapis.com/papyrus_images/c5bbedc41a2372425a6c88ca97c84744756fe903979c18c6f10481df82f35775.jpg)](https://twitter.com/CurveFinance) [Curve Finance](https://twitter.com/CurveFinance) [@CurveFinance](https://twitter.com/CurveFinance) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveFinance/status/1685925429041917952) As a result of an issue in Vyper compiler in versions 0.2.15-0.3.0, following pools were hacked: crv/eth aleth/eth mseth/eth peth/eth Another pool potentially affected is arbitrum’s tricrypto. Auditors and Vyper devs could not find a profitable exploit, but please exit that one [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 929](https://twitter.com/CurveFinance/status/1685925429041917952)[ 3:08 AM • Jul 31, 2023 ](https://twitter.com/CurveFinance/status/1685925429041917952) This also not about Curve, it’s about a specific version of Vyper [![User Avatar](https://storage.googleapis.com/papyrus_images/1184480ee9b770ee98a2a52c46365f52ccf3757de691f7536a273cffa8526ad8.jpg)](https://twitter.com/eth_call) [horsefacts](https://twitter.com/eth_call) [@eth\_call](https://twitter.com/eth_call) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/eth_call/status/1685847221713907712) It’s a pity if your reaction to today’s exploits is “Vyper is unsafe.” Monoculture is a risk of its own and Vyper’s design philosophy and existence as an alternative are a long term good. Respect to minority builders at all levels of the stack. [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 236](https://twitter.com/eth_call/status/1685847221713907712)[ 9:57 PM • Jul 30, 2023 ](https://twitter.com/eth_call/status/1685847221713907712) The FUD about Curve is disproportionated [![User Avatar](https://storage.googleapis.com/papyrus_images/bfa40e68996d8815895e882d705dc0acd081770e27d3ef45436fa173e2bef096.jpg)](https://twitter.com/cryptohuntz) [cryptohuntz](https://twitter.com/cryptohuntz) [@cryptohuntz](https://twitter.com/cryptohuntz) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/cryptohuntz/status/1685698751225380865) $crv fuddors and death spiralors pissed off after finding out the bug isnt due to [@CurveFinance](https://twitter.com/CurveFinance) but rather [@vyperlang](https://twitter.com/vyperlang) you know who you are [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 49](https://twitter.com/cryptohuntz/status/1685698751225380865)[ 12:07 PM • Jul 30, 2023 ](https://twitter.com/cryptohuntz/status/1685698751225380865) If you want to learn more about it, especially on the “technical side” you should read the postmortem published by the Llama risk team [![User Avatar](https://storage.googleapis.com/papyrus_images/13fc2a9d8ebb2da27e722f004d93b0435a8315761aa49d0302eace755cd6892c.jpg)](https://twitter.com/LlamaRisk) [LlamaRisk](https://twitter.com/LlamaRisk) [@LlamaRisk](https://twitter.com/LlamaRisk) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/LlamaRisk/status/1686087645284429824) We've published a postmortem of the recent reentrancy exploit that resulted in loss of LP funds in several Curve pools: [hackmd.io/@LlamaRisk/BJz…](https://t.co/tLsiWPAmhU) ![](https://storage.googleapis.com/papyrus_images/c764615efb78e35df5ae4b10f02f2e54a972f197e63277105c97e2a24b4358ca.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 312](https://twitter.com/LlamaRisk/status/1686087645284429824)[ 1:53 PM • Jul 31, 2023 ](https://twitter.com/LlamaRisk/status/1686087645284429824) Even if everything seems to be under control now, Curve lost around 50% of it TVL. This TVL may come back quickly. Let’s see [![User Avatar](https://storage.googleapis.com/papyrus_images/1606aa349c2c6a63f4b16beb0140fff4a1a838a3ae1c4a49e5e7bd3eb69f1e5f.jpg)](https://twitter.com/DeFi_Made_Here) [DMH 🦇🔊🌊](https://twitter.com/DeFi_Made_Here) [@DeFi\_Made\_Here](https://twitter.com/DeFi_Made_Here) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/DeFi_Made_Here/status/1685916190571397121) Curve lost ~50% of the TVL since yesterday. Looks like the worst part is behind us, but the question is if LPers will come back on Curve. ![](https://storage.googleapis.com/papyrus_images/3ae94cc72ab081731b87bbfa4e60b44073b7d146deb566783a69583104b4c98c.jpg) [![User Avatar](https://storage.googleapis.com/papyrus_images/1606aa349c2c6a63f4b16beb0140fff4a1a838a3ae1c4a49e5e7bd3eb69f1e5f.jpg)](https://twitter.com/DeFi_Made_Here) [DMH 🦇🔊🌊](https://twitter.com/DeFi_Made_Here) [@DeFi\_Made\_Here](https://twitter.com/DeFi_Made_Here) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/DeFi_Made_Here/status/1685695672517804033) Looks like today is the first drama when Curve will not get volumes and lose quite some TVL [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 44](https://twitter.com/DeFi_Made_Here/status/1685916190571397121)[ 2:31 AM • Jul 31, 2023 ](https://twitter.com/DeFi_Made_Here/status/1685916190571397121) Amazing community ----------------- Let’s be honest, Curve is a central part of DeFi. And even if some people may be happy to see a big dump on the $CRV. Or even wish the end of Curve, this would have been a terrible new for the DeFi we are currently enjoying. [![User Avatar](https://storage.googleapis.com/papyrus_images/63e17973a40a0f60ea29c154c7dbcabc07a58ef298a30d4b5a85ed82160f11ef.jpg)](https://twitter.com/justinsuntron) [H.E. Justin Sun 👨‍🚀 🌞](https://twitter.com/justinsuntron) [@justinsuntron](https://twitter.com/justinsuntron) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/justinsuntron/status/1685880662480588800) Curve is an essential DeFi infrastructure for the blockchain industry. Our thoughts are with the team and users affected. As a community, let's support and strengthen the security measures to protect our decentralized ecosystem. We are here to support! ![🤝](https://abs-0.twimg.com/emoji/v2/72x72/1f91d.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 744](https://twitter.com/justinsuntron/status/1685880662480588800)[ 12:10 AM • Jul 31, 2023 ](https://twitter.com/justinsuntron/status/1685880662480588800) As usual, it was amazing to see how devs worked together to mitigate the exploit ASAP. Devs from Curve but also from other projects. A nice summary about the situation [![User Avatar](https://storage.googleapis.com/papyrus_images/b32687d54e656326a1a745e43dbf0bc8f2618828f505eb3851c5a09380210282.jpg)](https://twitter.com/Delphi_Digital) [Delphi Digital](https://twitter.com/Delphi_Digital) [@Delphi\_Digital](https://twitter.com/Delphi_Digital) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Delphi_Digital/status/1686187959303708672) 1/ Yesterday, several [@CurveFinance](https://twitter.com/CurveFinance) pools were exploited. Curve founder, Michael Egorov, currently has a ~$100M loan backed by 427.5m $CRV (about 47% of the entire CRV circulating supply). With $CRV down 10% over the past 24 hours, the health of Curve is in jeopardy. ![🧵](https://abs-0.twimg.com/emoji/v2/72x72/1f9f5.png)![⬇️](https://abs-0.twimg.com/emoji/v2/72x72/2b07.png) ![](https://storage.googleapis.com/papyrus_images/fa8570b6bfc1ecf2cd451762d22b620f8dceebe25162a22b9b0cb22eff8da7d7.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 1,445](https://twitter.com/Delphi_Digital/status/1686187959303708672)[ 8:31 PM • Jul 31, 2023 ](https://twitter.com/Delphi_Digital/status/1686187959303708672) Micheal also sold a lot of his $CRV to safe his positions [![User Avatar](https://storage.googleapis.com/papyrus_images/e0254e83c56c31202a90c9052ab3caef76802ea71138f995758687ca2ce4b2eb.jpg)](https://twitter.com/lookonchain) [Lookonchain](https://twitter.com/lookonchain) [@lookonchain](https://twitter.com/lookonchain) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/lookonchain/status/1686331352483082240) More and more institutions and investors bought $CRV via OTC! Machi Big Brother bought 3.75M $CRV. DWF Labs bought 2.5M $CRV. [Cream.Finance](https://t.co/MQg382LigF) bought 2.5M $CRV. ... Michael Egorov has sold a total of 39.25M $CRV via OTC and received 15.8M $USDT. [x.com/lookonchain/st…](https://t.co/hQBlW5WG6J) ![](https://storage.googleapis.com/papyrus_images/e3cbc4426eb5ba9e5bc160128d9b81932f92c85c793304c3a7d45fbbc1cedd32.jpg) [![User Avatar](https://storage.googleapis.com/papyrus_images/e0254e83c56c31202a90c9052ab3caef76802ea71138f995758687ca2ce4b2eb.jpg)](https://twitter.com/lookonchain) [Lookonchain](https://twitter.com/lookonchain) [@lookonchain](https://twitter.com/lookonchain) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/lookonchain/status/1686313165641203712) The founder of [#Curvefi](https://twitter.com/hashtag/Curvefi) sold 4.25M $CRV to [@dcfgod](https://twitter.com/dcfgod) at an average price of $0.4 via OTC again. So far, he has sold a total of 29.25M $CRV via OTC and received 11.7M $USDT. [etherscan.io/address/0x7a16…](https://t.co/WM1nW8JKwU) [x.com/lookonchain/st…](https://t.co/BG63RxZbKJ) ![](https://storage.googleapis.com/papyrus_images/498c1737ca2b79909f2cf31ee1ef69c22bf76a7c08680b542c9850850579fc69.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 540](https://twitter.com/lookonchain/status/1686331352483082240)[ 6:01 AM • Aug 1, 2023 ](https://twitter.com/lookonchain/status/1686331352483082240) [![User Avatar](https://storage.googleapis.com/papyrus_images/bfdf890d3cd7ad6b0cc93e09a23c4cfca041c050ddac846fe5aa244f86f452cc.jpg)](https://twitter.com/OuroborosCap8) [Ouroboros Capital / yuzu.money](https://twitter.com/OuroborosCap8) [@OuroborosCap8](https://twitter.com/OuroborosCap8) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/OuroborosCap8/status/1686290342860222464) 孙哥 [@justinsuntron](https://twitter.com/justinsuntron) saves the day. ![](https://storage.googleapis.com/papyrus_images/18fa35f972b744b0f74d65c5dd310fd04fdc06a715e6039fc0c0513d62a86e35.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 146](https://twitter.com/OuroborosCap8/status/1686290342860222464)[ 3:18 AM • Aug 1, 2023 ](https://twitter.com/OuroborosCap8/status/1686290342860222464) [![User Avatar](https://storage.googleapis.com/papyrus_images/83bf0e185edebe3933cd431606ed22a2a3119dfcdaee7d37b4c88db00ff4cfd4.jpg)](https://twitter.com/ILikePool2) [Creat0r](https://twitter.com/ILikePool2) [@ILikePool2](https://twitter.com/ILikePool2) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/ILikePool2/status/1686264057148395521) Mich paid 3.14m FRAX off and continues. Not giving up. Moved $CRV to this fresh wallet. seems like OTC deal with Mich reached. Like 2.5m CRV for every 1m. so $0.4/CRV [etherscan.io/token/0xd533a9…](https://t.co/tNFQGeI7W3) ![](https://storage.googleapis.com/papyrus_images/3beab0c266a9ea32e3d335ae5ee9727f342cda54ecbe5a62b8e7c16c6abf6594.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 10](https://twitter.com/ILikePool2/status/1686264057148395521)[ 1:34 AM • Aug 1, 2023 ](https://twitter.com/ILikePool2/status/1686264057148395521) But he also created a brand-new pool to help in this situation [![User Avatar](https://storage.googleapis.com/papyrus_images/48d81914dc04038a30f78813fc319fe7ee8ae6ac26a88c54fc75ca2fb4e1cc69.jpg)](https://twitter.com/FlywheelDeFi) [FlywheelDeFi.eth](https://twitter.com/FlywheelDeFi) [@FlywheelDeFi](https://twitter.com/FlywheelDeFi) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/FlywheelDeFi/status/1686153189547225088) ![🤯](https://abs-0.twimg.com/emoji/v2/72x72/1f92f.png)This is some gigabrain stuff from [@newmichwill](https://twitter.com/newmichwill) He created a new swap pool for $crvUSD / fFRAX First of its kind. Let's unpack it...![👇](https://abs-0.twimg.com/emoji/v2/72x72/1f447.png) [x.com/chago0x/status…](https://t.co/JOeisHOY9V) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 132](https://twitter.com/FlywheelDeFi/status/1686153189547225088)[ 6:13 PM • Jul 31, 2023 ](https://twitter.com/FlywheelDeFi/status/1686153189547225088) It’s amazing to see that there are still some nice people in the ecosystem ETH from second hack on the $CRV / $ETH pool sent back to Curve deployer [![User Avatar](https://storage.googleapis.com/papyrus_images/b8dd6209b3440ed521f7cae27af4d90baa20c25bd850425261301a264ffa1a7a.jpg)](https://twitter.com/bantg) [banteg](https://twitter.com/bantg) [@bantg](https://twitter.com/bantg) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/bantg/status/1685804399082270720) thank you c0ffeebabe.eth for returning the funds ![❤️](https://abs-0.twimg.com/emoji/v2/72x72/2764.png) [etherscan.io/tx/0xb76754124…](https://t.co/DoBoh5QEaR) ![](https://storage.googleapis.com/papyrus_images/4a14cbeae1ab5fc5ff910834af40541f9e1ab21e1dd466e8be0681eff498ecad.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 1,327](https://twitter.com/bantg/status/1685804399082270720)[ 7:07 PM • Jul 30, 2023 ](https://twitter.com/bantg/status/1685804399082270720) A dashboard was also created to track the exploiter [![User Avatar](https://storage.googleapis.com/papyrus_images/8a88150445ffe0a418eb57b45d367025535bb46a385231427a70079b57e01102.jpg)](https://twitter.com/tomwanhh) [Tom Wan](https://twitter.com/tomwanhh) [@tomwanhh](https://twitter.com/tomwanhh) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/tomwanhh/status/1685861212712525824) Working on a dashboard for easier Tracking on Curve's Exploiter Total Balance: $19M \- 7.19M $CRV \- 7.71k $WETH \- Address Funded from Binance ![](https://storage.googleapis.com/papyrus_images/bd562b37fa779191bc8f2f17084cdd6e4728839bdd7382ae036b0b450c7f373f.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 92](https://twitter.com/tomwanhh/status/1685861212712525824)[ 10:53 PM • Jul 30, 2023 ](https://twitter.com/tomwanhh/status/1685861212712525824) Curve and $CRV elsewhere ------------------------ With this bad news, you all noticed that the price of $CRV dump, but it’s also the case for CRV wrappers. But the rebound is currently very nice. ![](https://storage.googleapis.com/papyrus_images/504e4a05b566e72c96fddb84775f0741d9fb3a8b6b813fe428646238287cea07.png) Some people and projects see it as a food opportunity to buy the dip [![User Avatar](https://storage.googleapis.com/papyrus_images/16fdc25b58652e4488cac7dbbfe7ea9326d734d09114d84411f00e39fc7ccf99.jpg)](https://twitter.com/Cryptovestor77) [Cryptovestor](https://twitter.com/Cryptovestor77) [@Cryptovestor77](https://twitter.com/Cryptovestor77) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Cryptovestor77/status/1686066776545624064) Convex buys the dip on cvxcrv right as discount hit 10%. These fees go to cvxCRV stakers! ![](https://storage.googleapis.com/papyrus_images/d43fad49a2c617ef8a61cf1bf76d6a487876717e404841cc699b33a82ee1f843.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 43](https://twitter.com/Cryptovestor77/status/1686066776545624064)[ 12:30 PM • Jul 31, 2023 ](https://twitter.com/Cryptovestor77/status/1686066776545624064) Let’s hope this will still be the case [![User Avatar](https://storage.googleapis.com/papyrus_images/bcd0bd4790140acb36331499d68b02a4441ca80c43dcc799d8f9bcfdfd4a1420.png)](https://twitter.com/DefiMoon) [DefiMoon 🦇🔊](https://twitter.com/DefiMoon) [@DefiMoon](https://twitter.com/DefiMoon) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/DefiMoon/status/1685412979326492672) 3m $CRV ![🔒](https://abs-0.twimg.com/emoji/v2/72x72/1f512.png)in the past 2 days! FYI: mid-August $CRV emissions to all Curve LPs reduce by ~15% The # of daily locks is smaller now, but it seems the amounts have become bigger as more DAOs, stablecoin and meta-governance projects enter the [#CurveWars](https://twitter.com/hashtag/CurveWars) Long-term CRV circ. supply![📉](https://abs-0.twimg.com/emoji/v2/72x72/1f4c9.png) ![](https://storage.googleapis.com/papyrus_images/f1d45f4326ab1a5ed47c033b6a46edf245f400bb0c69caafed42ae0588e6d861.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 57](https://twitter.com/DefiMoon/status/1685412979326492672)[ 5:12 PM • Jul 29, 2023 ](https://twitter.com/DefiMoon/status/1685412979326492672) Follow this chad and do the same ! crvUSD ------ crvUSD stayed strong ! [![User Avatar](https://storage.googleapis.com/papyrus_images/bcd0bd4790140acb36331499d68b02a4441ca80c43dcc799d8f9bcfdfd4a1420.png)](https://twitter.com/DefiMoon) [DefiMoon 🦇🔊](https://twitter.com/DefiMoon) [@DefiMoon](https://twitter.com/DefiMoon) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/DefiMoon/status/1685851976116875264) Big stress-test for $crvUSD peg today for sure, but leveragoors don't care: $75k leverage long with $ETH collateral using $crvUSD about 30m ago. [etherscan.io/tx/0x1fde2779f…](https://t.co/vSoTm1vnKb) $53k leverage long with $wBTC collateral ~5h ago. [etherscan.io/tx/0x70e277e94…](https://t.co/1Xa6eYqzie) $CRV [#DeFi](https://twitter.com/hashtag/DeFi)[ ![](https://storage.googleapis.com/papyrus_images/7f83b7c9a9dbddaf60c9bbd9b751d36e6922c639086cc79bed02f3bbeec08db5.jpg) etherscan.io Ethereum Transaction Hash: 0x70e277e946... | Etherscan ------------------------------------------------------ Call Execute Function By 0xe9f3941B...270fa9431 on DSProxy #216833 | Success | Jul-30-2023 09:29:47 PM (UTC) ](https://t.co/1Xa6eYqzie) [![User Avatar](https://storage.googleapis.com/papyrus_images/12a26ff9c3f81ed629f56c5f16cf7e5be6340a88dbd59ce8400c005044a79775.jpg)](https://twitter.com/DeFi_Cheetah) [DeFi Cheetah - e/acc](https://twitter.com/DeFi_Cheetah) [@DeFi\_Cheetah](https://twitter.com/DeFi_Cheetah) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/DeFi_Cheetah/status/1685746954486317056) My take right now: stress test of $crvUSD The peg is still very tight [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 27](https://twitter.com/DefiMoon/status/1685851976116875264)[ 10:16 PM • Jul 30, 2023 ](https://twitter.com/DefiMoon/status/1685851976116875264) From the community ------------------ Also sharing this one because I found it very true ! [![User Avatar](https://storage.googleapis.com/papyrus_images/455b7f603e7badca3babcf02fcc61edc58ed101d6c78dcc787b62c1b506ae0e2.jpg)](https://twitter.com/lemiscate) [Marc ”七十 Billy” Zeller 👻 🦇🔊](https://twitter.com/lemiscate) [@lemiscate](https://twitter.com/lemiscate) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/lemiscate/status/1686344261527121920) The CT law about founders: Sell tokens = Scammer Lock Token = scammer taking all protocol revenue Use as collateral = Scammer doing reckless leverage Price goes down = scammer doing slow rug Some anon out there really expects founders to live off ramen noodles. [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 586](https://twitter.com/lemiscate/status/1686344261527121920)[ 6:52 AM • Aug 1, 2023 ](https://twitter.com/lemiscate/status/1686344261527121920) Strong together [![User Avatar](https://storage.googleapis.com/papyrus_images/1379e098ffacbcc387c98795d7cafbfd65cdc6b23914f5302768f2be86efb795.png)](https://twitter.com/iamllanero) [Llanero](https://twitter.com/iamllanero) [@iamllanero](https://twitter.com/iamllanero) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/iamllanero/status/1686006239157772288) Hey $CRV-ers, we took a big hit yesterday, but I was pleased to price stabilize after the initial shock and the lack of crazy panic. I was most pleased to see so many jumping in to help. Today is a big day to test the sentiment and ongoing confidence so how y'all feeling? [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 77](https://twitter.com/iamllanero/status/1686006239157772288)[ 8:29 AM • Jul 31, 2023 ](https://twitter.com/iamllanero/status/1686006239157772288) Nice thread [![User Avatar](https://storage.googleapis.com/papyrus_images/4c8343a23a533d67bc4a8f7eaf52ea9f5681abeacbdf3d5cae7b09af5c48bd27.jpg)](https://twitter.com/spadaboom1) [Spada₿oom 🌽](https://twitter.com/spadaboom1) [@spadaboom1](https://twitter.com/spadaboom1) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/spadaboom1/status/1686120333189734400) Yesterday was a tough one for DeFi & ofcourse the [@CurveFinance](https://twitter.com/CurveFinance) community. I couldn’t be more confident in their teams ability to handle this situation. From first hand experience they’re some of the best builders around. It paints a picture though of how fragile DeFi is ![🧵](https://abs-0.twimg.com/emoji/v2/72x72/1f9f5.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 21](https://twitter.com/spadaboom1/status/1686120333189734400)[ 4:03 PM • Jul 31, 2023 ](https://twitter.com/spadaboom1/status/1686120333189734400) Nice read [![User Avatar](https://storage.googleapis.com/papyrus_images/809864f720556ad8d15be14f39652da5ae8654a7aa609eb0390edebabdeafa0d.jpg)](https://twitter.com/Curvie84869752) [Seven](https://twitter.com/Curvie84869752) [@Curvie84869752](https://twitter.com/Curvie84869752) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Curvie84869752/status/1685540915044118528) This is quite good read and easy to understand:[ ![](https://storage.googleapis.com/papyrus_images/7e54b5d779f9370460e222a649b0daf870b153ae32920712cc1cd0ace8880246.jpg) medium.com crvUSD: Liquidating Them Softly ------------------------------- Curve Stablecoin (crvUSD) represents a new approach to the concept of collateralized debt positions (CDPs) in DeFi. Designed to create a… ](https://t.co/vHcjfvd7Ro) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 42](https://twitter.com/Curvie84869752/status/1685540915044118528)[ 1:40 AM • Jul 30, 2023 ](https://twitter.com/Curvie84869752/status/1685540915044118528) If you understand thermodynamic [![User Avatar](https://storage.googleapis.com/papyrus_images/edf90564a8cb36881b3cb80e00f7ab4f4c919d97eaad80fbb2025c060c97e694.jpg)](https://twitter.com/NicolaBernini) [Nicola Bernini](https://twitter.com/NicolaBernini) [@NicolaBernini](https://twitter.com/NicolaBernini) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/NicolaBernini/status/1685366631013195778) If you found the [@CurveFinance](https://twitter.com/CurveFinance) [#CRVUSD](https://twitter.com/hashtag/CRVUSD) whitepaper not easy to understand, I have just released an analysis that is based on a thermodynamic analogy [github.com/NicolaBernini/…](https://t.co/rDjwwEUtXt) Curious to get some feedback ![](https://storage.googleapis.com/papyrus_images/76369876b14633c3c30d633316d1204405565c5d5f5b1c19284a01ec68f3786a.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 59](https://twitter.com/NicolaBernini/status/1685366631013195778)[ 2:08 PM • Jul 29, 2023 ](https://twitter.com/NicolaBernini/status/1685366631013195778) * * * [Subscribe](null) --- *Originally published on [Cryptouf](https://paragraph.com/@cryptouf/what-up-on-curve-143)*