Curve Finance CEO, Michael Egorov, initiated a governance proposal suggesting transaction fee rate of crvUSD pools be doubled from 0.01% to 0.02%.
If transaction volume remains same, Curve is likely to generate higher income, while protecting it from price oracle manipulation.Finance, a decentralized exchange platform, suffered an exploit on July 31. Hackers took off with over $50 million in crypto assets and this negatively influenced CRV token price. The asset’s price has been in a consistent decline since the event.pools be doubled from 0.01% to 0.02%. Egorov initiated a governance proposal for the same.
At the time of writing, CRV price is $0.4515, after yielding 10.29% losses for holders over the past week and 38.24% in the past month.Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.