• CRV token is down by 2.1% in 24-hours following a sudden 17% drop on Saturday.
Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO tokens to decentralized lending platform Aave to mitigate the liquidation risk of a $65 million stablecoin loan. Egorov began borrowing stablecoins on Aave in April, with $37 million worth of tether being sent to crypto exchange Bitfinex whilst $51 million in USDC was sent to prominent market maker Wintermute, according to blockchain sleuthThe wallet belonging to Egorov has supplied a total of $188 million in collateral on Aave, with $64.2 million in USDT being borrowed in an open position, according toThe open position currently has a health rate of 1.
CRV is currently trading at $0.65 having dropped by 2.1% in the past 24-hours, it slumped by more than 17% in a sudden move in the early hours of Saturday morning. If the price of CRV is to continue to slide over the coming months, the value of collateral and thus the health rate will also suffer. CRV is 90% lower than its 2022 all-time high of $6.50.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Curve Finance founder deposits $24M to Aave, controls 32% of CRV supplyA wallet tagged as belonging to Curve Finance founder Michael Egorov deposited 38 million CRV tokens into Aave to mitigate liquidation risk.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets – Finance Bitcoin NewsMajority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital financial assets.
Source: BTCTN - 🏆 531. / 51 Read more »
Pakistan working on possible restructure of debt with bilateral lenders, finance minister saysPakistan is working on the possibility of restructuring its bilateral debt regardless of whether it successfully completes its IMF review, the country's finance minister said on Saturday, but reiterated it would not approach Paris club nation creditors or seek haircuts.
Source: Reuters - 🏆 2. / 97 Read more »
'Central Park Karen' lost an appeal in a lawsuit about her finance jobInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Scottish ex-leader Nicola Sturgeon arrested in finance probeFormer Scottish leader Nicola Sturgeon was on Sunday arrested as part of an investigation into financial irregularities, according to police and UK media.'A 52-year-old woman has today... been arrested as a suspect in connection with the ongoing investigation into the funding and finances of the Scottish National Party,' Police Scotland said in a statement, with British media confirming her identity as Sturgeon.
Source: YahooNews - 🏆 380. / 59 Read more »
Scotland's ex-leader Nicola Sturgeon released without charge after arrest in party finance probe | CNNScotland’s former first minister Nicola Sturgeon has been released without a charge after she was arrested by police earlier Sunday, as part of an investigation into financial misconduct by the Scottish National Party (SNP), according to UK’s PA Media.
Source: cnnbrk - 🏆 393. / 55 Read more »