CRV (Curve DAO Token) down 8.58% in the last 24 hours

Gate News Bot Message, November 12th, according to CoinMarketCap data, as of press time, CRV (Curve DAO Token) is trading at $0.47, down 8.58% in the past 24 hours, with a high of $0.54 and a low of $0.41. The 24-hour trading volume reached $183 million. The current market capitalization is approximately $668 million, a decrease of about $62.73 million from yesterday.

Important recent news about CRV:

1️⃣ Curve Community Plans to Close Elixir Market Gauges The Curve community is discussing a proposal to disable all Gauges in the Elixir markets. The main goal of this proposal is to prevent CRV tokens from continuing to flow into related emission pools. This move is a direct response to the DeFi protocol behind Elixir stopping the issuance and burning of deUSD and sdeUSD tokens, reflecting Curve’s proactive management of ecosystem health.

2️⃣ Curve Finance Considering Emergency Multi-Signature Mechanism Curve Finance is evaluating an important governance proposal to introduce an “Emergency DAO” multi-signature authority for crvUSD and LlamaLend. This mechanism aims to enhance system security and risk management capabilities, laying the foundation for further expansion of the Curve ecosystem. Voting on the proposal will end on November 12th, demonstrating ongoing efforts to optimize governance structure.

3️⃣ Risk Management Capabilities Expected to Significantly Improve The new proposal suggests allowing the Emergency DAO to jointly manage key risk parameters with Curve DAO. This includes adjusting debt limits related to crvUSD minting, AMM fees, monetary policy, and liquidity mining callbacks. This move is expected to greatly enhance the risk management ability of the Curve ecosystem, helping to improve overall stability and security of the project.

From a technical perspective, CRV’s price has experienced a significant decline over the past 24 hours, possibly reflecting market short-term uncertainty in response to these governance changes. However, these proposals aim to strengthen long-term security and risk management, and their long-term impact remains to be further observed.

This message is not investment advice. Please be aware of market volatility risks when investing.