Reading Time: 2 minutes A potential DeFi contagion event looms following the $62 million hack of Curve Finance, with efforts to stabilize the protocol ongoing Concerns arise over Curve founder Michael Egorov’s substantial borrowing against CRV holdings, posing risks to on-chain lending markets DeFi protocols have taken proactive steps to protect themselves from systemic risks A DeFi contagion event still looms large over the hack of Curve Finance despite the community stepping up to try and stabilize it…
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