Curve announced on X platform that the total lending amount of crvUSD has surpassed 130 million US dollars, reaching a historical high. According to official website data, the current total supply of crvUSD is 134,925,782 US dollars, with a trading price of 0.9988 US dollars.

LSD stablecoin protocol Prisma Finance announced on the X platform that when the contemporary token goes live, it will cooperate with Curve Finance to launch the mkUSD/crvUSD liquidity pool. Users will need to deposit both crvUSD and mkUSD to receive incentives from the pool.

On August 23, according to Blockworks, Michael Egorov, the founder of Curve Finance, reached a series of off-exchange transactions (OTC) with more than ten counterparties to sell a large amount of CRV for stablecoins to repay his debt in order to save his loan and possibly prevent a cascading liquidation in the entire DeFi field.

Curve Finance announced plans to compensate users affected by the recent hack, which caused $62 million in losses. The company stated in a recent X post that the investigation is progressing smoothly and 79% of the funds have been successfully recovered.

On August 20th, Curve Finance officially responded to "lifting the Chainlink price security limit in the crvUSD oracle", stating that "there is no problem with Chainlink, but for the algorithm we created, it is better not to use spot prices." Earlier today, according to the Curve governance platform, Curve founder Michael Egorov proposed to lift the ±1.5% security limit on Chainlink prices in the crvUSD oracle. Currently, if the Chainlink price deviates too much from the oracle EMA (1.5%), the Chainlink data source will be used directly. However, when the market fluctuates greatly, using this mechanism will cause unnecessary losses. Therefore, the Curve founder proposed to disable the Chainlink price security limit in the price oracle contract for all markets, except for the old frxeth market.

Curve Finance announced on its official Twitter account that its platform has launched a dedicated page for showcasing ecosystem project information called "Integrations". The goal is to list the applications built within the Curve ecosystem, which are currently divided into six categories: automation, decentralized finance, gaming/NFT, learning/data, voting/incentives, and other.

According to Lookonchain monitoring on August 11th, Binance Labs spent $5 million to purchase 12.5 million CRV from Curve Finance founder Michael Egorov, and Accumulated Finance spent $500,000 to purchase $1.25 million CRV from Michael Egorov.Yesterday, Binance Labs announced that it invested $5 million to purchase CRV and support the deployment of Curve on BNB Chain.

According to official sources, DeFi stablecoin trading platform Curve Finance has launched a proposal for a new generation of stable liquidity pool called Stableswap Pool, which started community voting on August 8th.It is reported that the fees for the Stableswap Pool launched by Curve Finance this time will be reduced by 4 basis points. The current voting information shows a 100% approval rate, and the voting will end on August 15th.

The Curve CRV-ETH exploiter has not yet returned $19.7 million worth of cryptocurrency stolen during the reentrancy attacks on July 30. However, DeFi projects Alchemix Finance, JPEGd, and Metronome have recovered a combined $48.1 million through asset returns from exploiters and white hat efforts. Curve Finance is now offering a $1.8 million bounty to anyone with information on the exploiter that could aid a court conviction. PeckShield reports that DeFi protocols affected in the $73.5 million reentrancy attack on decentralized exchange Curve Finance have recovered a substantial portion of the stolen funds.

Curve Finance, a major player in the DeFi space, has launched a bug bounty program following an exploit that exposed vulnerabilities in the protocol. The program offers a reward of 10% of the remaining exploited funds (currently $1.85M USD) to anyone who can identify the exploiter in a way that leads to a conviction in court. The move comes after the original deadline for the exploiter(s) to return the stolen funds elapsed. Curve Finance hopes to engage the broader community in safeguarding the ecosystem and recover lost funds while highlighting the industry's commitment to responsible and ethical behavior.