US EditionCurve Faces Proposal to Scale Back Ethereum Layer 2 Exposure – #CryptoUpdatesGNIT
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Curve Faces Proposal to Scale Back Ethereum Layer 2 Exposure – #CryptoUpdatesGNIT
A governance proposal within Curve Finance is causing a stir in the DeFi community, as one contributor calls for a pause in the protocol’s expansion into Ethereum Layer 2 networks. On July 31, a CurveDAO member submitted a proposal arguing that Curve’s Layer 2 deployments generate little revenue and divert resources from more valuable initiatives like its native stablecoin, crvUSD. Layer 2 networks are designed to improve Ethereum’s scalability …
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