Curve Finance Integrated With Base To Offer New Liquidity Pools
Curve Finance, a prominent decentralized exchange protocol tailored for Stablecoins and Crypto Assets pegged 1:1 in value, has unveiled its latest liquidity pools on Layer 2 Base. The platform introduces three dynamic liquidity pools: 3c featuring USDbC, axlUSDC, and crvUSD; cbeth comprising ETH and cbETH; and tricrypto containing crvUSD, tBTC, and ETH. While a forthcoming router (trading interface) is in the works, users can engage in trading directly within the pools.
Dissimilar to Uniswap, Curve sets itself apart by enabling users to transact stablecoins with minimal slippage and fees. Liquidity Providers (LPs) stand to gain transaction fees and lending interest from prominent platforms like Compound and yEarn.finance. According to Coincu’s coverage, Curve faced a security vulnerability in its liquidity pools due to the usage of the Vyper language in early August. Exploiting these loopholes, hackers gained unauthorized access. In an unconventional response, Curve established a contract offering the hacker a 10% bug bounty reward from the stolen assets. While several hackers accepted refunds, a couple remained adamant. However, the protocol has now reclaimed a substantial 70% of the pilfered funds.
Source
https://t.me/Bitcoin_Crypto_Coin_Calendar
