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Crypto Futures Show Bias for Uniswap's UNI Token After Curve Finance Exploit

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Crypto traders see Uniswap gaining more market share in the wake of the multi-million dollar CurveFinance exploit. Reports godbole17.

A multi-million dollar exploit of stablecoin-focused decentralized exchange Curve Finance has traders pivoting toward the rival Uniswap's UNI token.

A positive funding rate means the perpetual contract's price is trading at a premium to the mark price or the estimated true value of a contract, also known as"marking-to-market." Positive rates also indicate longs or traders holding leveraged buy positions are dominating and willing to pay funding to shorts to keep their positions open.

 

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