Important points:
1. A recent hack on Curve Finance led to a significant sell-off in the decentralized finance (DeFi) market.
2. Despite the sell-off, DeFi traders rallied to support CRV, the native token of Curve Finance.
3. However, concerns remain about the potential for a contagion-level event in the DeFi space.
Summary:
The recent hack on Curve Finance caused a sharp sell-off in the DeFi market, raising concerns about the stability and security of decentralized finance platforms. While traders stepped in to support CRV, the native token of Curve Finance, there is still uncertainty about the possibility of a larger contagion-level event in the DeFi space. It is crucial for investors and users to remain vigilant and cautious when participating in the rapidly evolving world of decentralized finance.