Altcoin News Daily Official TheBitTimes.com

Meme Index ($MEMEX) has surged past $400,000 on Christmas Day as investors pile into a new presale token that enables them to invest in diversified baskets of meme coins for the first time. The project assembles four baskets of meme coins with varying degrees of risk, aiming to avoid concentrating exposure on any single volatile asset. There is also room for flexibility, as the assets within each index can be adjusted based on the consensus of the Meme Index community. This allows for the inclusion of emerging meme coins or additional allocations of more established ones. All of these indexes and the ability to modify them are made possible by Meme Index’s governance token, $MEMEX, which is currently only available through its token presale. The token’s current price is $0.0146285, but it will increase to $0.014687 in the next 48 hours to kick off its next funding stage. Meme Index Reduces Risk By Giving Investors Diversified Baskets O...

Aave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token. The Aave community is seeking to reduce its protocol exposure to the Curve DAO token, with two proposal s open for voting on Aug. 10. The move comes in an attempt to limit the risk posed to the lending protocol by the large borrowing position held by Curve Finance founder Michael Egorov. Curve DAO (CRV) is the native token of the decentralized finance (DeFi) protocol Curve Finance. Egorov deposited over 30% of CRV’s total market capitalization as collateral to take out nearly $60 million in loans on Aave v2. However, Curve’s hack on July 30 impacted its token price, making Egorov’s position vulnerable to liquidation. Until Aug. 12, Aave tokenholders can vote on two proposal s. One seeks to reduce the liquidation threshold by 6% for CRV on Aave v2, which could result in user accounts becoming subject to liquidation upon approval. The second disables borrowing of CRV on...