Curve Founder’s Lending Position Once Again in Jeopardy
April 14, 2024
Due to recent price declines, the CRV token’s value has dropped to $0.42 or below, putting the lending position of Curve’s founder, Michael Egorov, back into the danger zone. Michael has collateralized a loan of $92.54 million in stablecoins with a total of 371 million CRV tokens (worth $156 million). If the CRV price drops further by 10% and there is no margin call or repayment, liquidation will commence.
