๐ Curve Finance's Michael Egorov faces another liquidation, losing 918,830 CRV worth $898k, just days after buying $1.2M in CRV to stabilize prices. This follows a $140M liquidation in June linked to the UwU Lend hack. Despite efforts, CRV prices dipped to $0.94, far from its $5 peak in 2021. ๐
Curve, once a DeFi giant, still holds $2.37B in value, operating across 19 blockchains. While challenges persist, it remains crucial for DeFi, handling 95% of Ethenaโs sUSDe trades. With 88,982 token holders, Curve is poised for a comeback, proving resilience in a volatile market!