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What Curve’s decision could mean for decentralization in DeFi
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DeFi stands for Decentralized Finance and Curve is its biggest propagator in the world. So naturally, when Curve made a move this week over the nature of decentralization in DeFi, it was bound to turn heads. It all comes down to just one question – Was it the right thing to do or not?
The ongoing Curve Wars, one where a meme project Mochi Inu’s rewards were cut off, has divided the community. Put simply, Curve Wars is the fight to acquire the most CRV rewards through the emission system.
Mochi Inu openly declared the Curve War when it bought and locked in over 1 million Convex Finance’s CVX tokens in order to boost the USDM/3CRV pool to secure yields for its LPs.
Since manipulating the rewards emission system this way is considered sketchy,
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