Curve Finance's community has voted to reimburse liquidity providers impacted by a $61 million hack in July. On Dec. 21, 94% of tokenholders approved the disbursement of $49.2 million in tokens, covering losses in Curve, JPEG'd, Alchemix, and Metronome pools. The reimbursement considers the initial pool values, missed CRV emissions, and tokens recovered post-incident. The hack, which occurred on July 30, exposed vulnerabilities in DeFi protocols. Meanwhile, Paxos has gained regulatory approval from the New York DFS to launch on Solana, expanding from Ethereum. Paxos, the most regulated stablecoin issuer, plans to debut on Solana on Jan. 17, 2024, citing faster transaction speeds and lower costs as advantages.
