Curve DAO Replaces Risk Provider with Resupply Developers

Curve DAO has appointed yRisk to oversee risk management for its crvUSD and Llamalend projects. This decision comes despite prior concerns stemming from a $9.6 million exploit involving Resupply, a developer group linked to yRisk. The appointment, which received substantial backing in a governance vote, raises questions about the DAO’s risk strategy as the broader crypto community watches closely for implications.

Breaking It Down

The broader crypto market is currently displaying mixed signals, with varying momentum across major assets. On September 2, Curve DAO approved funding for yRisk, replacing LlamaRisk, which ended its engagement early. yRisk will receive 125,000 frxUSD and 568,181 CRV through revocable one-year vesting streams. The governance vote resulted in approximately 536.9 million veCRV votes in favor, highlighting strong community support despite the concerns raised by their past exploits. The appointment has sparked discussions on social media, particularly among influencers in the crypto space.

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