Curve Finance founder’s credit positions are again in danger of liquidation

Time：2024-04-14 02:25 Source：Internet Copy share

Curve Finance founder Mikhail Egorov’s credit positions were in danger of liquidation as CRV fell to $0.42.Egorov pledged a total of 371 million CRV (~$156 million) through 5 addresses on 6 lending platforms to borrow $92.54 million in stablecoins.The health score of its position has dropped to about 1.1. Thus, if CRV’s price falls another 10% without replenishing or redeeming the position, liquidation will occur.Last August, to avoid liquidation, Egorov sold $159.4 million of CRV on OTC in exchange for $63.76 million.

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