$CRV Emission Cut by 15.9%, Hack Affected User will be Reimbursed by Curve

Curve completed its fourth emission cut on 13 August, reducing CRV inflation by an annualised 15.9 per cent from approximately 532,000 CRV releases per day to approximately 448,000 CRV per day. CRV reduces emission by 15.9% on 13 August each year.

Curve Finance has also officially stated its intention to reimburse users impacted by the recent hack resulting in $62 million of losses.

According to an post from its Twitter account, ongoing investigations are yielding progress, with approximately 79% of the funds successfully recovered. The platform also said it would assess each impacted user for reimbursement. This assessment aims to ensure an equitable distribution of resources.

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