Curve Finance, a Decentralised Finance (DeFi) stablecoin lending platform, has demonstrated that it is no longer intimidated by the Vyper assaults it experienced a few weeks ago. According to a post made on Curve Finance’s official X account, the company is now soliciting community support for their next stableswap pool project.
The soon-to-be-launched stableswap pool is a new-generation refactored pool, as defined by the Curve Finance protocol. The protocol, however, called attention to a significant barrier, namely, the low demand for stableswap pools with fees. As a result, the protocol is seeking community feedback on whether or not this new product should be launched.
After more than $60 million was stolen from the system, Curve Finance took some time to set its affairs in order. Michael Egorov, the creator of the protocol, took on a sizable amount of debt in an effort to assist the pool regain liquidity and reestablish trust in the Curve ecosystem.
The price performance of the Curve DAO (CRV) token also reflects the recovery of the Curve Protocol. The price of CRV is presently $0.6032 after rising as high as 7.03% during the last seven days. The current price level is a significant improvement for Curve above the lows it hit when its hack became known to the public.
New era for Curve Finance
Popular sources claim that the CEO of Curve Finance has entirely returned his debts despite the enormous controversy that followed his method of resolving the protocol’s stress.
In order to get the Curve Finance protocol back on track to success, the decision to start a new stableswap pool is essential. With a united recovery planned across the board, the return in Curve Finance’s prominence will further support other protocols that saw a major onslaught after the AMM’s theft.
