Curve Finance founder cuts debt to $42.7M, settles entire Aave loan

📆 27/09/2023 10:12 a. m.
📰 Cointelegraph

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Curve Finance founder Michael Egorov has a collateral of 253.67 million CRV tokens worth $132.5 million.

According to Lookonchain, the Curve Finance founder currently has a total of 253.67 million CRV tokens in collateral and has a remaining debt of $42.7 million across four protocols, including Silo, Fraxlend, Inverse and Cream.

On Aug. 1, Egorov made headlines for his $100 million DeFi debt, as reports showed that further drops in the price of Curve DAO tokens could potentially trigger liquidations and . Seeing the risks, the Curve Finance founder made some moves to lower his debt and utilization rate back then.

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