🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Curve Finance's new proposal considers removing TUSD as Collateral
BlockBeats News, on September 27th, according to Financefeeds, a new proposal from Curve Finance suggests removing TrueUSD (TUSD) from the collateral token list of the stablecoin Curve USD (crvUSD) on the platform. The proposal also suggests reducing the minting capacity of crvUSD using PayPal Stable Coin PYUSD from $15 million to $5 million. The proposal, submitted by 'WormholeOracle', argues that TUSD's regulatory challenges and concerns about transparency make it a risk asset for supporting crvUSD. They also point out legal issues related to TUSD, including fraud allegations by the US Securities and Exchange Commission (SEC). 'WormholeOracle' states, 'crvUSD is excessively exposed to small stablecoins, especially TUSD, with a dubious history.' The proposal recommends completely eliminating crvUSD's exposure to TUSD and emphasizes the need to diversify crvUSD's collateral base for stability.