- Tron founder Justin Sun pledges support for struggling Curve Finance after $47 million exploit.
- Joint efforts will introduce a liquidity pool using stUSDT on Curve.
- Various institutions and investors also make significant OTC purchases of CRV tokens.
In the wake of Curve Finance’s recent $47 million exploit and subsequent token price plunge, Tron founder Justin Sun has announced his commitment to support the struggling DeFi platform. Sun’s declaration comes at a critical juncture for Curve, as the project faces potential liquidation threats and a plummeting native token, CRV.
Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an @stusdt pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!— H.E. Justin Sun 孙宇晨 (@justinsuntron) August 1, 2023
Sun’s announcement of assistance to Curve Finance holds promise for the platform as it aims to recover from the recent exploit and strengthen its position in the decentralized finance (DeFi) ecosystem. The joint efforts between Tron and Curve are set to introdu…
The post Tron Founder Steps in to Save DeFi Platform After $47 Million Exploit appeared first on Coin Edition.
The post Tron Founder Steps in to Save DeFi Platform After $47 Million Exploit appeared first on Coin Edition.