Curve since its launch in February 2020 has grown by a lot. Rising from some thousand dollars in total value locked (TVL), the DeFi protocol has reached the topmost position today. However, the protocol, to date continues to deal with certain issues which have caused the Curve community to demand a new kind of committee.
Curve at the top
At the moment owing to consistent rise over the month, Curve became the biggest DeFi asset in the world with $20 billion in TVL leaving behind MakerDao, AAVE and others.
Last week, the Emergency DAO decided to act on the Mochi incident and killed the USDM gauge. This led to a lot of members from the Curve community asking for a review committee to analyze the protocols beforehand.
For the same, a proposal was made to create a Gauge Risk Assessment Team which would be responsible for reviewing and publishing any risks associated with any protocols applying for a gauge.
And it seems like the proposal sat well with the community as over the week, some significant gains were observed throughout on-chain figures.
Firstly the price of Curve Dao token (CRV) went up by 54% in just 3 days after the proposal was made and CRV is trading at $5.8 at the time of this report.
Curve price action | Source: TradingView – AMBCrypto
Secondly, within a week active…