‘Curve Wars’ Heat Up: Emergency DAO Invoked After ‘Clear Governance Attack’

Posted on by American Coins & Gold

‘Curve Wars’ Heat Up: Emergency DAO Invoked After ‘Clear Governance Attack’
The latest salvo in the multibillion-dollar “Curve Wars” might be the most daring yet, and the protocol’s response has revealed deep ideological fissures in the decentralized finance (DeFi) community.Curve.Finance is currently the largest DeFi protocol with $20.8 billion in total value locked (TVL) per CoinGecko. The protocol holds a vital place in the DeFi ecosystem due to its CRV token rewards emissions – a key source of income for multiple other protocols and one of the foundational pillars of a rapidly-growing $270 billion ecosystem.On Wednesday night a young project – memecoin-flavored Mochi Inu – executed a series of transactions that…