Mochi's Governance Attack on Curve | DeFi on Bitcoin? Taproot Soft Fork Activated
The Defiant - DeFi, Web3 & NFT Insights
Welcome to the latest chapter of the Curve Wars. Once again Curve is under a governance attack this time coming from a meme flavored DeFi project called Mochi Inu. Cue panic as the Emergency DAO was convened to block Mochi from receiving its due CRV governance tokens. But how was this possible and is it even enforceable? Those questions answered plus a tip of the hat to Bitcoin and the successful implementation of the biggest upgrade since Segwit. Smart contracts and DeFi… on Bitcoin? Yep… it’s coming.
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Links https://gov.curve.fi/t/the-curve-emergency-dao-has-killed-the-usdm-gauge/2307 https://twitter.com/RobertMCForster/status/1458843775443386369 https://twitter.com/MochiDeFi/status/1458740738016043010 https://gov.curve.fi/t/the-curve-emergency-dao-has-killed-the-usdm-gauge/2307 https://thedefiant.io/curve-wars-mochi-turned-off-rewards/
Follow The Defiant team on Twitter: Camila Russo https://twitter.com/CamiRusso Robin Schmidt: https://twitter.com/iamsupermassive Alp Gasimov: https://twitter.com/alpgasimov
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