DeFi Token CRV Tanks 30% as Curve Finance Founder Gets Liquidated

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

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The founder of the stablecoin lending and borrowing protocol Curve Finance, Michael Egorov, is seeing his position liquidated.

He had over 111 million CRV tokens in collateral and $20 million in debt over four DeFi platforms, reported Lookonchain on June 13. CRV prices have been crumbling for the past week, having fallen 45% since June 7. This has put pressure on those using the token as collateral for DeFi loans, such as the platform’s founder.that ‘soft liquidations’ worked well. “The system showed a fantastic performance,” he said before adding “This gave time for liquidators to prepare funds and OTC-liquidate the hacker’s position. As a result, the system has no hacker’s funds left, no bad debts, everything operates well.

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين