News Formal

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

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 562. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan Finance Minister warns markets as yen nears intervention danger zone By ReutersJapan Finance Minister warns markets as yen nears intervention danger zone
Source: Investingcom - 🏆 450. / 53 Read more »