Curve Finance transitions fee distribution to crvUSD

#CurveFinance has updated its fee distribution system, switching from the 3cr token to its own stablecoin #crvUSD . This change aims to integrate crvUSD more deeply into the platform, potentially increasing its total value locked by absorbing uncollected fees. This move will incentivize users to engage more with crvUSD-based services.

#sifuvisioneth spent 300K #USDT to buy 1.37M #CRV at a low price of $0.2184 after CRV was liquidated in large quantities.

Sifu is short CRV and currently has a debt of 15M CRV ( $4.04M ) on #UwULend

Before CRV was liquidated today, Sifu withdrew 6M #crvUSD from Curve LlamaLend, causing Michale Egorov's borrowing rate to rise.

#CurveFinance is considering removing TrueUSD $TUSD as collateral for its stablecoin, Curve USD $crvUSD.
This decision comes amid increasing concerns over TUSD’s reliability, especially regarding the transparency and stability of its reserves.
Removing TUSD would mark a significant shift for crvUSD’s collateral framework, which relies heavily on trusted stablecoin backing.
#crvUSD #curveUSD #TrueUSD #TrendingTopic

$CRV **CRV (Curve DAO Token) Analysis – October 30, 2024**

As of today, CRV is positioned in a bearish trend, primarily influenced by broader market fluctuations and concerns regarding regulatory scrutiny in the DeFi sector. The current price is $0.2594, showing a decline over the past week. The technical indicators reflect bearish sentiment, with the RSI hovering below 30, suggesting potential oversold conditions.

Despite the current challenges, there are underlying fundamentals supporting CRV's long-term potential, especially with the growth of decentralized finance and liquidity protocols.

**Target Price:** $0.25
**Sell Price:** $0.24

Investors should monitor market developments closely, as changes in sentiment or regulations could shift the outlook rapidly.
#CRV.智能策略库🏆🏆 #CRV.24小时交易策略 #CRV/SHORT #crvUSD $CRV