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Conic Finance's CNC Token Surges 50% as the Protocol Plots Comeback After Hack

Decentralized finance (DeFi) protocol Conic Finance unveiled plans Tuesday to deploy its upgraded version (v2) after suffering an exploit in July. "Over the past four months Conic has undergone extensive auditing and review in preparation of v2 deployment," a governance post reads. "Now that all audits are nearly finalized it’s time to prepare Conic for launch." The protocol's governance token CNC jumped about 50% to $2.20 immediately after the announcement, CoinGecko data shows. Conic Finance allows liquidity providers to diversify exposure to multiple liquidity pools and earn yields on major DeFi platform Curve Finance via so-called Omnipools. 

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