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Ethereum World News 2023-08-17 09:48:26

Curve 3pool Sees Increased Outflows Since hack

The stablecoins that makeup Curve’s 3pool have seen increased outflows since the hack. The demand for CRV continues to fall, putting downward pressure on price. In the aftermath of Curve’s reentrancy exploit of July 30, 3pool, one of the decentralized exchange’s (DEX) prominent liquidity pools, continue to experience capital flight, research firm Kaiko noted in a recent report. According to Kaiko, Curve’s 3pool represents one of its “most important sources of liquidity for DAI, USDC, and USDT” and has seen

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