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1. Peak Popularity: Curve Finance, aimed at optimizing stablecoin trading and DeFi liquidity, was one of the main platforms in 2020. CRV became a key element of the ecosystem, playing a role in voting and liquidity rewards.
2. Problems and Skepticism: After its initial success, the CRV token experienced pressure:
Token Inflation: The sudden release of a significant volume of tokens raised concerns about overvaluation.
Competition: New DeFi protocols began to crowd out Curve, which reduced demand for the token.
Market: In the bear phase of the crypto market, tokens like CRV began to lose appeal.
3. Hack in 2023: The Curve hack in mid-2023 was a serious blow to the project’s reputation, causing a short-term drop in the token price. However, the team quickly restored operations, compensated users for losses, and strengthened the community’s trust.
4. Recovery:
New Features: Curve introduced support for other assets, including innovative mechanisms for optimizing yield.
DeFi Integrations: Curve remained a central player in the DeFi ecosystem, maintaining partnerships with large platforms.
