Panic in the $245 Million Pool: Altcoin's Move Shakes the Market! - Coin Bulletin

robot
Abstract generation in progress

The USD0/USD0++ pool on Curve Finance, despite having a total locked value (TVL) of 245 million dollars, has seen a significant distortion in the pool ratio.

This imbalance caused the liquidity provider (LP) token price to drop to 0.9568 dollars.

Usual's Announcement Was Effective

This situation may be related to Usual's latest announcement. The company announced that if the staked assets are resolved early, USD0++ tokens will be bought back at a base price of 0.87 USD0 or USD0 tokens can be withdrawn at a 1:1 ratio with the burning of a certain amount of Usual tokens. This announcement has caused concern among investors and may have changed the balances in the pool.

Market Reactions

Due to the instability in the pool, investors are adopting a more cautious approach due to the decrease in LP token prices and the volatility in pool ratios. Liquidity providers are facing the risk of devaluation of their investments and low buyback prices.

Analysts point out that Usual's move may have triggered liquidity withdrawals. It is emphasized that additional measures need to be taken to maintain the healthy operation of the pool.

CRV-0.87%
TOKEN1.14%
USUAL-3.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)