🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
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1️⃣ Post a photo or video with Gate elements
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3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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Panic in the $245 Million Pool: Altcoin's Move Shakes the Market! - Coin Bulletin
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staked assets are resolved early, USD0++ tokens will be bought back at a base price of 0.87 USD0 or USD0 tokens can be withdrawn at a 1:1 ratio with the burning of a certain amount of Usual tokens.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.