Curve Finance was Compromised

“The stock market is a device for transferring money from the impulsive to the patient, from the overreacting to the disciplined.” – Jason Zweig

In today’s email:

• Curve Finance Hacked Does it Matter? ⛔

• BASE Where Vaporware Will Be Profitable 🔵

• The NoShill Growth Experiment  🧪

CURVE FINANCE HACKED

DeFi’s stable swap had four liquidity pools compromised in the last two days. While the technicals matter, for the macro perspective, the tech in this instance is irrelevant. The root cause has been discovered; it is being addressed and all will be right within the Curve ecosystem soon enough.

In predictable crypto fashion, CRV has fallen almost 30% in value over the last few days. The is to be said for Convex and other tokens associated with the Curve ecosystem. From an extremely micro perspective, sure, this makes sense. Overall, dumping these tokens out of fear in this instance isn’t the brightest move.

While hacks are bad and never a very good feeling, the fundamentals of CRV have not been changed. The stables are still stable and the swaps are still swapping. The “send it to zero” short-sellers in this space do a stupendous job of scaring the tokens out of the average user. While hacks are never a good thing, now is a time to stack CRV, CVX, and CNC.

Don’t ever say, “NoShill didn’t warn you.”

BASE

Coinbases’ Layer-2 “Base” chain saw some interesting action over the weekend. Base users saw BALD token pump 40,000% in 48 hours and quickly begin a retrace back to zero as the developer began pulling out liquidity, simply because they could.

While 40,000% off of a stupid meme coin doesn’t surprise us, what did was seeing how much liquidity got shifted over to Base to buy this stupid meme coin. If they are willing to ship $66 million in Ethereum to a chain that isn’t fully live for a meme, what will they send for protocols, ideas, and other semi thought-provoking tokens? Base projects may be something to keep an eye on - apparently regardless of functionality.

Where there is liquidity, there is vaporware. - Someone Smart

We have a list of Base projects that we will be sharing in an upcoming Weekend Report. If you are not signed up for the Weekend Report, what is it you are waiting on? Sign up here.

NOSHILL GROWTH

This week, we will begin running a growth experiment for NoShill. While the technicalities and utility play a major role in crypto, community plays a much bigger role. Don’t believe us? Just take a look at HarryPotterObamaSonic10Inu (their ticker is $BITCOIN) and tell us we are wrong.

Starting this week, NoShill will be holding an incentive program to see if we can get to 1,000 referrals in a 7-day time frame. We will be sharing more about this in our next “Insider,” but if you want to get a head start, forward this email on to friends and persuade them to sign up. It will be worth it.

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