According to Foresight News, on-chain data reveals that the health rate of multiple lending positions of Curve founder, Michael Egorov, has once again dropped to around 1.1. This indicates that if the price of CRV continues to fall by 10% without any additional collateral or repayments, liquidation will commence. As of the time of writing, the largest single loan is on UwU Lend, where approximately 72.92 million CRV has been deposited, borrowing around 16.5 million USD, with a health coefficient of 1.12.
In addition, the health coefficients of 19.48 million CRV on Silo and 46.02 million CRV on Fraxlend are also below 1.14. These figures suggest that the health rate of Egorov's lending positions is in a precarious state, and further declines in the price of CRV could trigger liquidation. This situation underscores the volatility and risk inherent in the cryptocurrency market, particularly for large-scale borrowers like Egorov.
