• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

How To Mine Bitcoin At Home

2025-07-10

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

    2025-07-10

    How To Mine Bitcoin At Home

    2025-07-10

    Time Is Running Out to Accumulate Bitcoin at These Levels

    2025-07-09

    Korea Goes ALL IN On Crypto: ETFs, Institutions, XRP & More!

    2025-07-09

    Don’t Miss These Bullish Events That Will Help Bitcoin

    2025-07-08
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»DeFi»Curve Finance Terminates Governance Token Rewards
DeFi

Curve Finance Terminates Governance Token Rewards

2023-08-03No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Curve Finance has ended governance token rewards for several liquidity pools following a series of exploits. According to the announcement, the pools include the ones that were affected in the July 30 Curve exploit and the July 6 Multichain exploit. Curve E-DAO carried out the process of ending the rewards, and it is a community made up of selective members of the Curve DAO governing body. The decision affected the pools of alETH+ETH, msETH-ETH, pETH-ETH, crvCRVETH, Arbitrum Tricrypto, and multibtc3CRV.

ATTENTION, FROM A CURVE E-DAO SIGNER:

The @CurveFinance emergency multisig has terminated CRV rewards (gauges) to the liquidity pools affected by recent exploits, including pools affected by the recent Vyper compiler exploit and the multiBTC pool affected by the recent…

— _gabrielShapir0 (@lex_node) August 2, 2023

However, there is a possibility of the decision being overridden in the future, but that would purely depend on a full vote of the Curve DAO. On July 6 this year, cryptocurrencies worth more than $100 million were withdrawn from several bridges that were a part of Multichain. At the time, the Multichain team highlighted that the withdrawals were abnormal and urged users not to use any of its services. Similarly, the Curve team also urged its users to exit Multichain assets such as multiBTC, and this implied that its own multibtc3CRV liquidity pool was at risk from the exploit.

Curve Continued to Generate Rewards Following the Attacks

On July 30, Curve Finance fell victim to a reentrancy attack in which crypto worth over $47 million was lost. The attack greatly affected the alETH, msETH, and pETH liquidity pools as these used the Vyper protocol that contained the vulnerability. With the news of the termination of rewards floating around, CURVE DAO has dipped by 2.40% in the previous 24 hours and the decline has pushed the trading price down to $0.5816.

See also  Michael Egorov has sold a total of 106 million CRV for $42 million

Despite the attacks, the affected liquidity pools continued to generate governance token rewards, and this suggested that users had the possibility of depositing their tokens into the pools to earn rewards. In the recent announcement, it was stated that the emergency DAO has now entirely removed these rewards to avoid incentivizing further participation in the compromised pools.

It is a fact that investors had to suffer continuous attacks throughout July. The payment provider Alphapo lost more than $60 million on July 23 as a result of an attacker gaining access to the platform’s hot wallet keys. On July 25, zkSync also became a target of an exploit as $3.4 million were lost as a result of a read-only reentrancy bug.

Curve Finance Governance rewards terminates Token
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

⚡ SPX6900 + Token 6900 = 100x Potentie? | Volgende Meme Coin Gekte?

2025-07-01

Bitcoin Megatrends 💥 Domino Finance Set to Explode! 🧨📈

2025-05-23

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23

Solana Is Running Higher! Solaxy Should Soar! Here’s How High Solaxy Token Can Go!

2025-05-07
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Regulation

Crypto OG Erik Voorhees believes DeFi has already solved the regulatory clarity problem for altcoins

2023-07-01

Shapeshift founder and long-time Bitcoin advocate Erik Voorhees believes that decentralized finance (DeFi) has already…

Videos

Bitcoin’s Most BULLISH Month is Here

2023-09-30

Today let’s talk about Bitcoin heading into October and what to expect. ITrustCapital (Bitcoin &…

Analysis

Trader Says Ethereum-Based Altcoin Looking Massively Bullish, Updates Outlook on Polygon, Chainlink and XRP

2023-11-24

Cryptocurrency analyst and trader Ali Martinez is saying that a leading Ethereum (ETH)-based decentralized exchange…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

How To Mine Bitcoin At Home

2025-07-10

What Is Copy Trading in Crypto? A Beginner’s Guide

2025-07-10
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 117,719.54
ethereum
Ethereum (ETH) $ 2,961.91
xrp
XRP (XRP) $ 2.82
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 694.63
solana
Solana (SOL) $ 163.72
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.202649
tron
TRON (TRX) $ 0.304199
staked-ether
Lido Staked Ether (STETH) $ 2,961.33
bitcoin
Bitcoin (BTC) $ 117,719.54
ethereum
Ethereum (ETH) $ 2,961.91
xrp
XRP (XRP) $ 2.82
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 694.63
solana
Solana (SOL) $ 163.72
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.202649
tron
TRON (TRX) $ 0.304199
staked-ether
Lido Staked Ether (STETH) $ 2,961.33