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Cryptocurrencies/Coins/Curve DAO Token (CRV)
Curve DAO Token price, market cap on Coin360 heatmap

Curve DAO Token(CRV)

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$0.654121
(-1.21%)
0.00003807 BTC
Market Cap (Rank#91)
$347,719,635
20,239 BTC
Vol 24h
$17,708,032
1,031 BTC
Circulating Supply
531,583,334.42
Max Supply
3,303,030,299
12 days agocryptodaily
Crypto Weekly Roundup: Ethereum Unstaking, Genesis And More
Let’s take a closer look at the multitude of ways that the FTX crash continues to affect market conditions, global regulations, and liquidity pools. Bitcoin The El Salvadoran Minister of the Economy has introduced a bill that will enable the Bukele government to raise $1 billion in order to build out its proposed Bitcoin city. United States Senators issued another letter to Fidelity Investments, urging it to reconsider offering Bitcoin to its customers following the total collapse of cryptocurrency exchange FTX. As Bitcoin continues its descent to a bottom and the rest of crypto follows, those with the money, especially billionaires, still hold on to their firm beliefs in the industry. Ethereum Ethereum developers have finally begun testing the withdrawal of staked ETH with the launch of a new developer network. The hacker behind the attack on the FTX exchange has started offloading ETH worth millions of dollars, resulting in a dramatic drop in the price of the cryptocurrency. DeFi MakerDAO has announced that it has passed a governance vote to remove Alameda Research-linked renBTC from its stablecoin collateral vaults. Crypto trader Avraham Eisenberg, responsible for the Mango Markets exploit, has seen his short position liquidated, thanks to a series of wild swings in the CRV price. Altcoins The United States was added to the list of regions geo-blocked from using an upcoming Apecoin staking service. Technology The deputy governor of the Bank of England has said that following the FTX crash, crypto must have regulations to protect consumers and the wider financial system. Business The United Kingdom and Singapore agreed to a Memorandum of Understanding (MoU) to boost financial technology (FinTech) trade and cooperation between the two nations. Binance, CrossTower, and Wave Financial are bidding once more for the grand prize of Voyager Digital and its assets. Binance CEO Changpeng Zhao (CZ) has said that the turmoil in the market does not indicate the end for crypto; in fact, according to him, it is just the beginning of a new chapter. However, in a now-deleted tweet, CZ seemed to have cast serious aspersions about Coinbase and Grayscale. Singapore-based crypto lender Hodlnaut is reportedly facing an investigation by the Singapore police related to alleged fraud and cheating. Hackers targeted crypto venture capitalist and Fenbushi founder Bo Shen’s private Ethereum wallet and drained it of crypto worth $42 million. FTX founder Sam Bankman-Fried will be talking with New York Times columnist Andrew Sorkin at the DealBook Summit on Wednesday. Cathie Wood’s ARK Invest has taken advantage of the bear market and bought over a million shares of Coinbase this month. Genesis has claimed that it is in talks with investors and wants to resolve its fund shortage without filing for bankruptcy. Crypto hedge fund Grayscale has refused to follow the trend of disclosing proof of reserves, citing security concerns. Regulations A Belgian regulatory body has declared that BTC, ETH, or any other cryptocurrency generated by computer code is not classified as securities. The International Monetary Fund (IMF) has called for tighter crypto regulations in Africa in order to stunt any further growth on the continent. Lawmakers in Russia are working on changing legislation to allow a national crypto exchange after holding anti-crypto views for years. NFT Leading toy brand Mattel will be launching its own digital collectibles marketplace on its direct-to-consumer platform, Mattel Creations. Football fans following the FIFA 2022 World Cup in Qatar can now buy digital merchandise to support their favorite teams, including “tokenized” NFTs of the most incredible goals. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
16 days agocryptodaily
Mango Markets Hacker’s Plan To Short CRV Backfires
A crypto trader responsible for the Mango Markets exploit has seen his short position liquidated, thanks to a series of wild price swings in the CRV price. The trader, identified as Avraham Eisenberg, gained notoriety when he described the Mango Markets hack as a “very profitable trading strategy.” A War On Curve On-chain watchers noticed on Tuesday that Eisenberg had borrowed 88 million CRV tokens from lending protocol Aave and sold them in the market over the past week. The pressure generated by this event saw the price of CRV drop to $0.40, enabling him to borrow further CRV from Aave’s Curve pool. Market watchers speculated that Eisenberg was targeting Michael Egorov, Curve founder, with his short-selling strategy. Egorov holds several loans on Aave, backed by CRV as collateral, and a liquidation price set at $0.25. If the CRV price reached this level, it would trigger Aave’s liquidation contract, selling Egorov’s CRV to the market and pushing the price even lower. Other Whales Step In Other whales caught wind of Eisenberg’s attack on Curve and Egorov and began opening long positions to increase the CRV price and shore up the token’s value. Andrew Kang, a member of PleasrDAO, tweeted, “First, he came for Mango, and I did not speak out. Now, he tries to hunt the loan of one of the godfathers of DeFi, and that’s when the foot is put down to defend.” As a result of these long positions, Curve’s price gradually increased. Short Position Liquidated With the CRV price increasing as a result of the long positions opened by other whales, CRV eventually hit Eisenberg’s liquidation level, which was set at just above $0.60. When the price hit this point, Aave’s liquidation mechanism began liquidating the USDC, which he had put up as collateral to buy back the CRV tokens from the market and pay off the debt. However, the liquidation was cut short as others who had gone long began taking profits at this level. At the time of writing, Eisenberg’s position had started liquidating again, with the CRV price at $0.61. A Loss for Eisenberg? Many marked this episode as a loss for Eisenberg. However, others remained skeptical, speculating that he was attempting to put the market in a false sense of security before revealing his plan. Others have speculated that he could be maintaining a larger off-chain position on CRV and intended for his Aave loan to be liquidated all along. Some market watchers maintain that Eisenberg is just biding his time before taking another crack at the $0.25 liquidation price. A more controversial theory is that Egorov and Eisenberg planned the entire thing to generate interest in the Curve protocol. This is due to the timing of Egorov publishing the code for Curve’s upcoming stablecoin on GitHub earlier in the day. The Mango Markets Hack Eisenberg was revealed to be the one who engineered the Mango Markets hack, using price manipulation strategies to drain the Solana-based protocol of $100 million. He then cut a deal with the Mango Market’s team and returned half of the stolen funds to cover user losses. He called the exploit a “highly profitable trading strategy,” prompting a furious backlash from the DeFi community, who criticized his actions and their negative implications for the ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
16 days agocryptodaily
Mango Markets Hacker’s Plan To Short CRV Backfires
A crypto trader responsible for the Mango Markets exploit has seen his short position liquidated, thanks to a series of wild price swings in the CRV price. The trader, identified as Avraham Eisenberg, gained notoriety when he described the Mango Markets hack as a “very profitable trading strategy.” A War On Curve On-chain watchers noticed on Tuesday that Eisenberg had borrowed 88 million CRV tokens from lending protocol Aave and sold them in the market over the past week. The pressure generated by this event saw the price of CRV drop to $0.40, enabling him to borrow further CRV from Aave’s Curve pool. Market watchers speculated that Eisenberg was targeting Michael Egorov, Curve founder, with his short-selling strategy. Egorov holds several loans on Aave, backed by CRV as collateral, and a liquidation price set at $0.25. If the CRV price reached this level, it would trigger Aave’s liquidation contract, selling Egorov’s CRV to the market and pushing the price even lower. Other Whales Step In Other whales caught wind of Eisenberg’s attack on Curve and Egorov and began opening long positions to increase the CRV price and shore up the token’s value. Andrew Kang, a member of PleasrDAO, tweeted, “First, he came for Mango, and I did not speak out. Now, he tries to hunt the loan of one of the godfathers of DeFi, and that’s when the foot is put down to defend.” As a result of these long positions, Curve’s price gradually increased. Short Position Liquidated With the CRV price increasing as a result of the long positions opened by other whales, CRV eventually hit Eisenberg’s liquidation level, which was set at just above $0.60. When the price hit this point, Aave’s liquidation mechanism began liquidating the USDC, which he had put up as collateral to buy back the CRV tokens from the market and pay off the debt. However, the liquidation was cut short as others who had gone long began taking profits at this level. At the time of writing, Eisenberg’s position had started liquidating again, with the CRV price at $0.61. A Loss for Eisenberg? Many marked this episode as a loss for Eisenberg. However, others remained skeptical, speculating that he was attempting to put the market in a false sense of security before revealing his plan. Others have speculated that he could be maintaining a larger off-chain position on CRV and intended for his Aave loan to be liquidated all along. Some market watchers maintain that Eisenberg is just biding his time before taking another crack at the $0.25 liquidation price. A more controversial theory is that Egorov and Eisenberg planned the entire thing to generate interest in the Curve protocol. This is due to the timing of Egorov publishing the code for Curve’s upcoming stablecoin on GitHub earlier in the day. The Mango Markets Hack Eisenberg was revealed to be the one who engineered the Mango Markets hack, using price manipulation strategies to drain the Solana-based protocol of $100 million. He then cut a deal with the Mango Market’s team and returned half of the stolen funds to cover user losses. He called the exploit a “highly profitable trading strategy,” prompting a furious backlash from the DeFi community, who criticized his actions and their negative implications for the ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
16 days agocoindesk
Mango Exploiter's Funds Get Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens
A trader identified as Avraham Eisenberg, who became infamous for his “very profitable trading strategy” of exploiting $114 million from Mango Markets, borrowed tens of millions of Curve DAO tokens and sent them to an exchange – but his position appears to have gotten liquidated.
16 days agocointelegraph
Mango Markets hacker allegedly feigns Curve short attack to exploit Aave
It appears that shorting of CRV tokens was a distraction shot to exploit a sophisticated loophole on DeFi platform Aave.
17 days agocoindesk
Curve's CRV Token Turns Volatile As Exchange Balance Hits Record High
The CRV token hit a two-year low of $0.40 early today before quickly bouncing to $0.5.

About Curve DAO Token

The live price of Curve DAO Token (CRV) today is 0.654121 USD, and with the current circulating supply of Curve DAO Token at 531,583,334.42 CRV, its market capitalization stands at 347,719,635 USD. In the last 24 hours CRV price has moved 0.015896 USD or 0.02% while 25,980,396 USD worth of CRV has been traded on various exchanges. The current valuation of CRV puts it at #91 in cryptocurrency rankings based on market capitalization.

Learn more about the Curve DAO Token blockchain network and how it works or follow the price of its native cryptocurrency CRV and the broader market with our unique COIN360 cryptocurrency heatmap.

Curve DAO Token (CRV) is the native token of Curve Finance, a decentralized exchange for trading cryptocurrencies — particularly stablecoins — at low slippage and without the involvement of any intermediary. 

At its core, Curve Finance is a liquidity pool on Ethereum that aims to facilitate highly-efficient decentralized trading and offers yield to its liquidity providers. The platform also supplies liquidity to Yearn.Finance and Compound protocols and passes on the revenue to its liquidity providers. This is made possible by Curve Finance’s AMM (Automated Market Maker) system. As a result, Curve Finance has rapidly emerged as one of the largest Defi platforms in the space in terms of TVL or Total Value Locked.

While Curve Finance was launched in February 2020 by a Russian software engineer named Michael Egorov, Curve DAO, the platform’s decentralized autonomous organization which overlooks its governance, came into being a few months later, in August 2020. The platform has thrived on the DeFi trading boom, with its AMM system delivering large volumes of liquidity and resultantly noteworthy user profits.

CRV price

The CRV token’s price instantly shot up to an all-time high of $60.50 after the Curve DAO launch in August 2020. However, it soon retraced to under $2 within a month and further plummeted to $0.33 by the end of November. CRV price, consequently, closed the year 2020 at a value of around $0.6. 

Boosted by a market-wide positive sentiment, CRV price sprung back to life by mid-January 2021 and rallied on to break out of the $4 resistance by mid-April 2021. A corrective phase followed amidst larger market sell-offs, and bears were back in business. The CRV coin almost lost support at $1 on May 23, 2021. 

The next upward trend in CRV price came during 2021’s second crypto bull run in November/December, which catapulted Curve price to $6.8 on Jan. 4, 2022. Its price has since receded and was again testing the $1 support in Q2 2022.

How CRV works

CRV, the native token of Curve DAO, is used for governance of the Curve Finance platform. The token holders get to vote on DAO proposals and thus participate in important decisions that impact the Curve platform’s workings.

Curve DAO is built atop Aragon, an Ethereum-based tool/platform that aids the creation of efficient decentralized autonomous organizations. It uses Aragon’s functionalities to connect various smart contracts deployed for users providing liquidity. 

CRV tokens have three primary uses – staking, voting and boosting. To get involved in these three functions, you’ll need to lock your CRV tokens and obtain veCRV in return. veCRV is short for vote-escrowed CRV, a reflection of locked-up CRV for a certain time period. Below are the conversion details, sourced from their website:

1 CRV locked for 4 years = 1 veCRV

1 CRV locked for 3 years = 0.75 veCRV

1 CRV locked for 2 years = 0.5 veCRV

1 CRV locked for 1 year   = 0.25 veCRV

Hence, the more the number of CRV tokens you stake for a longer time period, the more voting power you receive. All CRV holders who stake/lock their tokens also receive fees generated by the various liquidity pools running on Curve Finance. In addition, they also earn a boost of up to 2.5x on the rewards generated by their liquidity.

CRV news, updates and highlights

The year 2021 saw the beginning of a phenomenon called the ‘Curve Wars’ which continued well into 2022 as well. The Curve war is essentially a race between different protocols doing everything possible within their means to make sure that their preferred pools on Curve Finance are delivering the highest CRV rewards to users. This considerably increased the buying pressure for CRV, since the token is needed to obtain voting rights. Yearn Finance, Convex Finance and StakeDAOHQ are some of the biggest names engaged in these Curve wars. A point came in November 2021 when Curve had to invoke the Curve Emergency DAO and halt reward emissions to a certain pool, deeming a protocol’s behavior as a clear governance attack.

In another significant CRV news, in May 2022, Curve Finance integrated Aurora, an EVM (Ethereum Virtual Machine) layer built on the Near protocol. The integration allows Curve users to connect to the Aurora network through their Ethereum wallets, and access the decentralized application’s deep liquidity pools, without having to wait or pay high gas fees.

Frequently asked questions about CRV

  • Can you mine or stake CRV?

No, you cannot mine CRV. However, CRV coins can be staked to earn a percentage of the trading fees collected on the Curve Finance platform, as staking rewards.

  • What are some of the best CRV wallets?

CRV being an ERC-20 token can be stored in any crypto wallet compatible with Ethereum tokens. Some of these include Metamask, Ledger Nano X, Guarda Wallet and Atomic Wallet.

  • What can you do with CRV coins?

You can use your CRV tokens to earn staking rewards, vote on various Curve DAO proposals and get a boost on your liquidity rewards. You may also lend your CRV tokens to earn yield through various DeFi products.

  • How to buy CRV?

It is best to buy CRV from a well-known crypto exchange. You’ll normally find it paired with various popular crypto coins including ETH, BTC, USDT and XRP.

Curve DAO Token Price0.654121 USD
Market Rank#91
Market Cap347,719,635 USD
24h Volume17,708,032 USD
Circulating Supply531,583,334.42 CRV
Max Supply3,303,030,299 CRV
Yesterday's Market Cap355,009,340 USD
Yesterday's Open / Close0.651938 USD / 0.667834 USD
Yesterday's High / Low0.669825 USD / 0.646028 USD
Yesterday's Change
0.02% ( 0.015896 USD )
Yesterday's Volume25,980,396 USD
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