Curve Finance’s CRV Gets Plunge Protection on Binance

“Market makers have a tendency to drag orders to keep away from getting caught in an unfavorable value swing,” Medalie instructed CoinDesk. “That’s the reason liquidity disappeared on order books throughout huge market occasions, such because the March banking disaster or FTX collapse,” she continued. “Proper after the Curve exploit, we noticed the other pattern, with liquidity being added to the CRV order books, particularly on the bid aspect.”