On August 10, Curve Finance officials posted on social media that the data shows that the number of CRV tokens locked in veCRV in the past two months exceeds the amount of CRV released (token incentive) since August 13 last year.
According to Cyvers Alerts, Curve Finance suffered a security bugs in July 2023 and the attackers have started depositing funds into Tornado Cash, which has now exceeded 400 ETH worth $1.20 million
The Curve team has initiated a proposal in the community to change the interest rate parameters of their lending platform LlamaLend on the Ethereum network. The proposed changes include interest rates in the WETH and tBTC markets from a minimum of 0.5% to a maximum of 25%, wstETH from 1% to 30%, and CRV from 3% to 60%. The proposal states that the goal of the change is to make the borrowing rate at a utilization rate of 80% roughly equal to the current market rate.