The new decentralized exchange (DEX) will leverage adaptive curve technology to adjust to market conditions, offering capital efficiency on trades. Flying Tulip also introduces trading features and products normally available only on centralized platforms.

"The request for funding requests roughly ~50% of the [Curve's] community fund. This is an extreme concern around sustainability for the ecosystem and growth initiatives overall," one critic says.

Despite this, the founder managed to salvage nearly $100 million from his $140 million in $CRV collateral.

A number of high-profile crypto figures have stepped in to buy Curve.fi founder Michael Egorov’s CRV tokens at a discount, to avoid the potential liquidation of $100 million worth of DeFi loans secured against them.

Automatic crypto exchange Curve was hacked and $50 million stolen. DeFi markets are experiencing massive volatility.

DeFi projects Curve, Aave and SORA extend their offerings with native stablecoins. All non-custodial by design, these stablecoins are introducing many innovative features.

Curve has published a white paper for its own stablecoin.

The Curve developers have posted a JavaScript library on the web, which should help when launching their own stable coin, the Curve stable coin - crvUSD.