# What'up on Curve ? #144 By [Cryptouf](https://paragraph.com/@cryptouf) · 2023-08-08 --- 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) * * * **Exploit: Part 2** ------------------- \*\* \*\* It was amazing to see the support by the community. Few DAOs supported Curve and Curve’s founder. Of course, with some ideas behind. But it’s still nice. [![User Avatar](https://storage.googleapis.com/papyrus_images/454a3456b2232dc2cf6e16e05c8b925b75dd9afafdec4c52aef5007792c4c6ac.jpg)](https://twitter.com/reserveprotocol) [Reserve 🌐](https://twitter.com/reserveprotocol) [@reserveprotocol](https://twitter.com/reserveprotocol) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/reserveprotocol/status/1687540227202547718) ![💪](https://abs-0.twimg.com/emoji/v2/72x72/1f4aa.png) Reserve stands with DeFi ![💪](https://abs-0.twimg.com/emoji/v2/72x72/1f4aa.png) More than 100M CRV has changed hands recently with [@yearnfi](https://twitter.com/yearnfi), [@StakeDAOHQ](https://twitter.com/StakeDAOHQ), [@PrismaFi](https://twitter.com/PrismaFi), [@wintermute\_t](https://twitter.com/wintermute_t), [@dcfgod](https://twitter.com/dcfgod) and many others aquiring it. Reserve is proud to announce that it has joined these entities helping decentralize Curve governance. [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 144](https://twitter.com/reserveprotocol/status/1687540227202547718)[ 2:05 PM • Aug 4, 2023 ](https://twitter.com/reserveprotocol/status/1687540227202547718) SpiralDAO also joined the party [![User Avatar](https://storage.googleapis.com/papyrus_images/83630db4f6292e38d78c95ed572270c0bdd0bf70f29402a07f0c25d90a09ec57.jpg)](https://twitter.com/Spiral_DAO) [Spiral DAO](https://twitter.com/Spiral_DAO) [@Spiral\_DAO](https://twitter.com/Spiral_DAO) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Spiral_DAO/status/1688253628077780992) Spiral DAO has acquired 1.75M of CRV from Michael Egorov![🤝](https://abs-0.twimg.com/emoji/v2/72x72/1f91d.png) We happy to support one of our core ecosystems and will utilize those funds to benefit both [@CurveFinance](https://twitter.com/CurveFinance) and our community!![💪](https://abs-0.twimg.com/emoji/v2/72x72/1f4aa.png)  [ ![](https://storage.googleapis.com/papyrus_images/7f83b7c9a9dbddaf60c9bbd9b751d36e6922c639086cc79bed02f3bbeec08db5.jpg) etherscan.io Ethereum Transaction Hash: 0xd4fda61e09... | Etherscan ------------------------------------------------------ Transfer 1.75 M CRV to 0xC47eC74A...dE0209639 | Success | Aug-05-2023 05:06:11 PM (UTC) ](https://t.co/baS1m49nP4) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 56](https://twitter.com/Spiral_DAO/status/1688253628077780992)[ 1:20 PM • Aug 6, 2023 ](https://twitter.com/Spiral_DAO/status/1688253628077780992) And more DAO are looking to buy more CRV. Aave ? Frax ? [![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/1687140755050012672) Frax buying $CRV?? Curve wars really heating up! [gov.frax.finance/t/fip-xxx-acqu…](https://t.co/Xeo3DWr5js) ![](https://storage.googleapis.com/papyrus_images/6ddef23e87bfae3c7798ddc14277d7eb583cd4db5de4a63501a9f1e9631c59a4.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 40](https://twitter.com/Cryptovestor77/status/1687140755050012672)[ 11:37 AM • Aug 3, 2023 ](https://twitter.com/Cryptovestor77/status/1687140755050012672) At the end, this exploit may be beneficial ! 7.2m CRV locked. [![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/1688712198229544960) /3 UPDATE: Total of 22.8m $CRV has been![🔒](https://abs-0.twimg.com/emoji/v2/72x72/1f512.png)as veCRV since the exploit last week, that's about 3x the amount of CRV that was stolen (7.1m) ![😏](https://abs-0.twimg.com/emoji/v2/72x72/1f60f.png) [#DeFi](https://twitter.com/hashtag/DeFi) can be a very weird place![😵‍💫](https://abs-0.twimg.com/emoji/v2/72x72/1f635-200d-1f4ab.png) Hey [@TrustlessState](https://twitter.com/TrustlessState) [@RyanSAdams](https://twitter.com/RyanSAdams), feel free to mention this on one of your snarky @BanklessHQ episodes ![🙃](https://abs-0.twimg.com/emoji/v2/72x72/1f643.png) ![](https://storage.googleapis.com/papyrus_images/402c02a6af5633bba2ad9a992beef4b69b23e68bf347bbd5849faa370780dc7f.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 34](https://twitter.com/DefiMoon/status/1688712198229544960)[ 7:42 PM • Aug 7, 2023 ](https://twitter.com/DefiMoon/status/1688712198229544960) Almost all fund have been recovered [![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/1687926198930751488) all funds besides the first crv/eth hack have been recovered ![⚠️](https://abs-0.twimg.com/emoji/v2/72x72/26a0.png) 18.75m still at large ![✅](https://abs-0.twimg.com/emoji/v2/72x72/2705.png) 5.35m whitehack via c0ffeebabe ![✅](https://abs-0.twimg.com/emoji/v2/72x72/2705.png) 738k big brain whitehack from yesterday thanks everyone involved in the recovery attempts [![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/1687747617646641152) Most of the funds still remaining in crv/eth pool were recovered to Curve DAO (veCRV-controlled contract) in this tx [etherscan.io/tx/0x006763dff…](https://t.co/hRfbpcF2TM) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 231](https://twitter.com/bantg/status/1687926198930751488)[ 3:39 PM • Aug 5, 2023 ](https://twitter.com/bantg/status/1687926198930751488) But there is still some fund to be returned. The hunt is opened [![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/1688221472815284224) The deadline for the CRV/ETH exploiter passes [etherscan.io/tx/0xa28be0f8e…](https://t.co/VphQ0bfYr2) ![](https://storage.googleapis.com/papyrus_images/8eb4b8c2b675fe4ab34e614b00a21e942e3971c6f8176b574f2eade40ff27864.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 993](https://twitter.com/CurveFinance/status/1688221472815284224)[ 11:12 AM • Aug 6, 2023 ](https://twitter.com/CurveFinance/status/1688221472815284224) And you can become rich [![User Avatar](https://storage.googleapis.com/papyrus_images/a601ee7e7fa7db1511836a5fe91cc0207b5c141b8f75e3df4cb385f4b3c9796b.jpg)](https://twitter.com/HsakaTrades) [Hsaka](https://twitter.com/HsakaTrades) [@HsakaTrades](https://twitter.com/HsakaTrades) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/HsakaTrades/status/1687170961043234816) Curve team offering a 10% bounty to the hacker to return the funds in exchange for no prosecution (we already saw how this plays out with Mango) by the 6th. Otherwise it's a free for all dox to earn bounty to the community. ![](https://storage.googleapis.com/papyrus_images/125fb7c0b7ff4ccfdacdc56a00a96f2a5392f181a4a3032cf8814fae5b4cb04e.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 559](https://twitter.com/HsakaTrades/status/1687170961043234816)[ 1:37 PM • Aug 3, 2023 ](https://twitter.com/HsakaTrades/status/1687170961043234816) Liquidity 🛫 but quickly 🛬 [![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/1687042124418633729) $CRV before and after just 2 days. ![](https://storage.googleapis.com/papyrus_images/ffbddea45ac6d46cdd64e05c5d49f8013b67be0015f7ca72df5cbe4da2167de3.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 42](https://twitter.com/Cryptovestor77/status/1687042124418633729)[ 5:06 AM • Aug 3, 2023 ](https://twitter.com/Cryptovestor77/status/1687042124418633729) **Vote** -------- The future being written ? [![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/1688985710735323136) New generation (refactored) stableswap is coming soon. However, demand for stableswap pools with fees lower than 4 bps and price\_oracle() is already here. To satisfy that demand, we've pushed this vote: [dao.curve.fi/vote/ownership…](https://t.co/J9mxalDC7t) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 182](https://twitter.com/CurveFinance/status/1688985710735323136)[ 1:49 PM • Aug 8, 2023 ](https://twitter.com/CurveFinance/status/1688985710735323136) Vote to stop using $sfrxETH:as collateral for $crvUSD **Curve and $CRV elsewhere** ---------------------------- Leverage with crvUSD. DYOR [![User Avatar](https://storage.googleapis.com/papyrus_images/67057110ffb9fca62f079512f6de820f255d8e8aead276f3c82ac15fef22a0c6.jpg)](https://twitter.com/ZunamiProtocol) [Zunami Protocol](https://twitter.com/ZunamiProtocol) [@ZunamiProtocol](https://twitter.com/ZunamiProtocol) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/ZunamiProtocol/status/1688971979326427148) ![🧑‍🏫](https://abs-0.twimg.com/emoji/v2/72x72/1f9d1-200d-1f3eb.png) Pro-tip: Optimize your strategy by leveraging $wstETH collateral to borrow $crvUSD on [@CurveFinance](https://twitter.com/CurveFinance). Then, deposit the $crvUSD into the crvUSD/UZD pool and stake LP tokens on [@ConvexFinance](https://twitter.com/ConvexFinance). The yield in the crvUSD/UZD pool is literally unstoppable! LFG! ![🚀](https://abs-0.twimg.com/emoji/v2/72x72/1f680.png) ![](https://storage.googleapis.com/papyrus_images/9cfb2baf00ffdd5d71d992d1f84163a72489464660dcbf3455c2acee059f781a.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 27](https://twitter.com/ZunamiProtocol/status/1688971979326427148)[ 12:54 PM • Aug 8, 2023 ](https://twitter.com/ZunamiProtocol/status/1688971979326427148) Vote regarding the yet-to-be-deployed $CRV/ETH pool [![User Avatar](https://storage.googleapis.com/papyrus_images/50589741d7b095b644411ef4b566db603c8e84133b84321f9047b135ac788576.jpg)](https://twitter.com/GearboxProtocol) [Gearbox ⚙️🧰 Protocol](https://twitter.com/GearboxProtocol) [@GearboxProtocol](https://twitter.com/GearboxProtocol) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/GearboxProtocol/status/1687102730723307523) A new GIP is live to alter parameters for the yet-to-be-deployed $CRV/ETH Curve V2 & its Convex pool. Given the recent events, some changes have been proposed by risk contributors. Funds are SAFU, this is a preemptive measure, not live yet ![✅](https://abs-0.twimg.com/emoji/v2/72x72/2705.png) Vote ![🗳️](https://abs-0.twimg.com/emoji/v2/72x72/1f5f3.png): [snapshot.org/#/gearbox.eth/…](https://t.co/AgbCL62O8F) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 16](https://twitter.com/GearboxProtocol/status/1687102730723307523)[ 9:06 AM • Aug 3, 2023 ](https://twitter.com/GearboxProtocol/status/1687102730723307523) **crvUSD** ---------- Best stablecoin in town ? [![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/1688125849751457792) ![](https://storage.googleapis.com/papyrus_images/1d2f51e2fee93a1d3f6933ba8753c96e39c540ba754fee3425e37c401413cfdf.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 269](https://twitter.com/CurveFinance/status/1688125849751457792)[ 4:52 AM • Aug 6, 2023 ](https://twitter.com/CurveFinance/status/1688125849751457792) Did you know ? [![User Avatar](https://storage.googleapis.com/papyrus_images/75423c4f0deff3b1bd9543116d0fc685ea97408e308a8e489ba25731c30a6355.jpg)](https://twitter.com/kmets_) [Kmets](https://twitter.com/kmets_) [@kmets\_](https://twitter.com/kmets_) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/kmets_/status/1687907457073385472) A quick reminder: There are 5.18 veCRV/vlCVX There are 17.9 vlCVX/veCLEV This means that on [@0xC\_Lever](https://twitter.com/0xC_Lever), 1 locked $CLEV token has the equivalent governance power of 17.9 $vlCVX or 92.8 $veCRV. Also, $CLEV is currently trading at only a 47% premium of $CVX. ![](https://pbs.twimg.com/tweet_video_thumb/F2ymtUeW0AAKasi.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 21](https://twitter.com/kmets_/status/1687907457073385472)[ 2:24 PM • Aug 5, 2023 ](https://twitter.com/kmets_/status/1687907457073385472) 😋 **From the community** ---------------------- Will paypal join the Curve war ? [![User Avatar](https://storage.googleapis.com/papyrus_images/6d9a674cf40557b4f3a72783a24ec16b5f12d5a89be015560fd0cae928167459.jpg)](https://twitter.com/PayPal) [PayPal](https://twitter.com/PayPal) [@PayPal](https://twitter.com/PayPal) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/PayPal/status/1688552795278872576) Today, we’re unveiling a new stablecoin, PayPal USD (PYUSD). It’s designed for payments and is backed by highly liquid and secure assets. Starting today and rolling out in the next few weeks, you’ll be able to buy, sell, hold and transfer PYUSD. Learn more [paypal.com/pyusd](https://t.co/53RRBhmNHx) ![](https://pbs.twimg.com/ext_tw_video_thumb/1688552229454708736/pu/img/mMoab-sdTaPI4exr.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 12.3K](https://twitter.com/PayPal/status/1688552795278872576)[ 9:08 AM • Aug 7, 2023 ](https://twitter.com/PayPal/status/1688552795278872576) Nice thread [![User Avatar](https://storage.googleapis.com/papyrus_images/2620150943675845e0467657af622caf1c94341cb54eeb394da482628f603e9d.jpg)](https://twitter.com/fionaclairema) [Fiona 🦅🟠](https://twitter.com/fionaclairema) [@fionaclairema](https://twitter.com/fionaclairema) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/fionaclairema/status/1688895381676163074) 1/ [@CurveFinance](https://twitter.com/CurveFinance) has demonstrated resilience after the reentrancy attacks and it remains a backbone in DeFi. Let's dive into their latest updates and some product highlights ![🧵](https://abs-0.twimg.com/emoji/v2/72x72/1f9f5.png) ![](https://storage.googleapis.com/papyrus_images/bf3a131f52dee88b1295c0a04fadb0712f4b17c2ea178453460b11daf367eb9a.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 64](https://twitter.com/fionaclairema/status/1688895381676163074)[ 7:50 AM • Aug 8, 2023 ](https://twitter.com/fionaclairema/status/1688895381676163074) Alpha ? [![User Avatar](https://storage.googleapis.com/papyrus_images/62e4bf7bdd6d848b5d1281ac8276e5e8b7d3fccd51df3fd2809b70d82478c9c6.jpg)](https://twitter.com/Rewkang) [Andrew Kang](https://twitter.com/Rewkang) [@Rewkang](https://twitter.com/Rewkang) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Rewkang/status/1687897548554633216) Curve forex coming to a pool near you ![](https://storage.googleapis.com/papyrus_images/031142f8540b88102a6b5c008bc43c57937754c03642c32df828a7b9a34f62d9.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 409](https://twitter.com/Rewkang/status/1687897548554633216)[ 1:45 PM • Aug 5, 2023 ](https://twitter.com/Rewkang/status/1687897548554633216) They don’t want to miss the train * * * Next week the Newsletter may be published on Wednesday ! --- *Originally published on [Cryptouf](https://paragraph.com/@cryptouf/what-up-on-curve-144)*