tldr; Frax’s Basepool on Curve flippened the 3Pool’s liquidity in early September thanks to a $116 million deposit from the Wintermute hacker, who is now the 3rd largest holder of 3CRV. The 4Pool was a bid to replace 3Pool as the predominant stablecoin pool on Curve. It was a move that would reduce the liquidity of DAI on DeFi exchanges.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
