ChainCatcher news, Curve founder Michael Egorov stated on the X platform that he has extended the lock-up period of all his veCRV holdings to 4 years to demonstrate confidence in the long-term development of the project. He also publicly disclosed a specific transaction record for the extended lock-up.

According to ChainCatcher's message, on-chain analyst Yu Jin monitored that an address transferred 4 million CRV (worth approximately 3.81 million USD) to Binance 3 hours ago.The address previously withdrew CRV from Binance at an average price of 0.48 USD, and after CRV rose 13% today, it chose to transfer back to Binance to take profits, achieving a 97% gain (approximately 1.88 million USD) in this transaction.

ChainCatcher news, Curve founder Michael Egorov responded on Twitter regarding "the liquidation of 918,000 CRV from his marked address," stating that this portion of CRV was stolen during the UwU Lend hack on June 10. Therefore, in this sense, they are not "real CRV," but rather "receipts for the funds promised to be repaid by Sifu that were hacked."It is reported that the lending protocol UwU Lend was attacked in June this year, resulting in a loss of approximately $3.72 million in assets.

ChainCatcher news, according to monitoring by PieShield, Curve Finance founder Michael Egorov's marked address (0x7a16...5428) has been liquidated for 918,830 CRV (a total of $882,660).

ChainCatcher news, according to Spot On Chain monitoring, Curve Finance founder Michael Egorov has purchased approximately 1.08 million CRV tokens at an average price of $1.114 over the past 3 hours, totaling about $1.2 million. This is Egorov's first large-scale buyback since the liquidation event on June 13.

ChainCatcher news, Curve Finance announced on platform X that the community has voted to increase the maximum fee share for Saving crvUSD to 50%, up from the previous rate of 20%.ChainCatcher previously reported that CurveDAO launched Savings crvUSD (scrvUSD), which was developed in collaboration with Yearn Finance and utilizes Yearn's customized V3 Vaults to provide users with yield and interest on stablecoins.As an interest-bearing stablecoin, scrvUSD offers low-risk returns from a portion of the interest paid by crvUSD minters. This yield is managed on-chain by CurveDAO, which effectively acts as a decentralized on-chain central bank, providing "low-risk" returns. User funds in the scrvUSD module are not re-collateralized, and all collateral remains fully on-chain.

ChainCatcher news, Curve Finance announced that crvUSD has regained its peg.In addition, the final proposal for Curve Finance's reward date is now live, and the first 1,000 voters will receive a 1.5x annual yield boost.

ChainCatcher news, according to Lookonchain monitoring, 6 days ago, a trader bought 983,832 CRV at a high price of $1.12 (approximately $1.1 million). Just 6 hours ago, he sold all of it at a price of $1.03, incurring a loss of $87,500.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, the ACX ancient whale (or early investor) is selling off tokens.From November 2022 to March 2024, this whale has received a total of 12.03 million ACX from the Across Protocol multi-signature wallet. If we estimate the average cost based on the receiving price, it is $0.1208.In the past 50 minutes, he has sold 2.4 million tokens on-chain at an average price of $1.19 (worth $2.85 million), realizing a profit of $2.56 million. This address was also one of the buyers of CRVOTC last August, when he purchased 3.25 million CRV for $1.7 million, at an average price of $0.523.

ChainCatcher news, DL Research posted on X that Curve Finance's decentralized stablecoin crvUSD has generated $18 million in fees since its launch in June, with a market cap reaching $66 million.Previous report, CurveDAO launched the yield-bearing stablecoin Saving crvUSD (scrvUSD), which has reached $6.6 million in deposits as of the time of publication.Curve Finance clarified: "Since the fee distribution switched to crvUSD in June, this fee has been generated. The crvUSD itself was launched in May 2023, and more fees have been generated since then."

ChainCatcher news, according to official sources, CurveDAO has announced the launch of Savings crvUSD (scrvUSD), which is a yield version of its stablecoin, allowing users to earn "low-risk" automatic compounding on their crvUSD deposits.

ChainCatcher message, CurveDAO has launched Savings crvUSD (scrvUSD), which is developed in collaboration with Yearn Finance and utilizes Yearn's customized V3 Vaults to provide users with yield and interest on stablecoins.As an interest-bearing stablecoin, scrvUSD offers low-risk returns from a portion of the interest paid by crvUSD minters. This yield is managed on-chain by CurveDAO, which effectively acts as a decentralized on-chain central bank, providing "low-risk" returns. User funds in the scrvUSD module are not re-collateralized, and all collateral remains fully on-chain.

ChainCatcher news, Curve governance members have begun voting on a new proposal that will allocate 10% of the fees generated from borrowing the Curve stablecoin crvUSD directly into a savings pool designated for users of crvUSD.Curve founder Michael Egorov stated that the proposal aims to promote the development of the crvUSD stablecoin, which currently has a market capitalization of $60 million. Theoretically, if the proposal is approved and crvUSD does scale up, the protocol will generate more income for governance members in the long run, but not in the short term.So far, most votes have supported the proposal, which will conclude on Friday.

ChainCatcher news, according to Cointelegraph, Wormhole has initiated a new proposal in the Curve governance forum, suggesting to reduce the collateral cap for crvUSD's TUSD to zero "to completely eliminate exposure to TUSD" due to regulatory risks and solvency issues.The proposal also suggests reducing the mintable amount of PayPal's stablecoin PYUSD from $15 million to $5 million, "thus making the reliance on each PegKeeper suitable for the importance of their respective pools." Currently, the main collateral for minting crvUSD also includes ETH and WBTC.Previously, on September 24, the U.S. SEC reached a settlement regarding allegations of fraud against TrueCoin and TrustToken involving unregistered sales of investment contracts related to TrueUSD. The allegations claimed that 99% of TUSD's reserve funds were invested in high-risk offshore funds, raising concerns about its safety and solvency.

According to ChainCatcher news and reported by Cointelegraph, the decentralized exchange Curve Finance is considering removing TrueUSD (TUSD) from its collateral list for the stablecoin crvUSD. This move stems from the U.S. Securities and Exchange Commission (SEC) filing securities law violation charges against TUSD issuer TrueCoin on September 24.The SEC alleges that TrueCoin falsely advertised that TUSD is fully backed by U.S. dollars or equivalent assets, while in fact, as of September 2024, 99% of TUSD reserves are invested in high-risk offshore funds. The Curve community has proposed to reduce the collateral cap for TUSD as crvUSD collateral to zero and to lower the collateral cap for PayPal's stablecoin PYUSD from $15 million to $5 million.Currently, WBTC and wstETH are the largest sources of collateral for crvUSD, locking approximately $68 million and $60 million, respectively.

ChainCatcher news, Curve founder Michael Egorov announced on social media that he will extend the locking period of his veCRV until August 31, 2028.

ChainCatcher news, ABC Labs has made a strategic investment of $2.2 million in the Curve ecosystem, purchasing 6.46 million sdCRV (Stake DAO's liquid locked Curve DAO tokens) and locking 923,000 Stake DAO tokens (SDT) in a 4-year voting escrow. This investment gives the Reserve ecosystem the largest voting power among non-founding entities in Curve DAO.These investments expand the Reserve ecosystem's influence over CRV and SDT rewards (i.e., Gauge emissions), enhancing the protocol's ability to incentivize on-chain RToken liquidity within the Curve ecosystem.This investment is part of a $20 million investment in the Curve ecosystem aimed at acquiring governance power and promoting RToken liquidity. Currently, the RToken liquidity pool on Curve holds approximately $25 million in assets, primarily concentrated on the Ethereum mainnet.

ChainCatcher news, according to monitoring by Spot On Chain, in the past 28 hours, DWFLabs has deposited a total of 12.5 million CRV (4.12 million USD) into Binance, with the last 10.5 million CRV (3.44 million USD) being transferred out 9 hours ago. The over-the-counter buying price was 0.4 USD, the average deposit price on CEX was 0.33 USD, and DWF Labs expects a loss of 875,000 USD (-17.5%).