According to Bloomberg, Curve Finance's native token is one of the largest liquidity providers in decentralized finance (DeFi), especially for stablecoins, which are tokens designed to maintain a stable value. DeFi projects rely on various automated software built on blockchain technology to provide various financial services. The price plunge once again puts Curve founder Michael Egorov at risk of liquidation, who has borrowed millions of dollars using CRV tokens as collateral. Data from Spot On Chain shows that as of June 13, Egorov still owed $27 million on three platforms, with $37 million in CRV as collateral. He did not immediately respond to Bloomberg News' request for comment.