Cut in half within a day! CRV founder was liquidated for 140 million!

The CRV lending agreement that we are familiar with, after all, could not escape the founder's liquidation of less than 0.4 US dollars, and the mortgage lending position of nearly 140 million US dollars began to be liquidated.

This is also the second time that Curve founder Michael Egorov has been liquidated recently. The last time he survived by lending to MKR and AAVE team mortgages and crazy airdrops. This time he continued to explode, which can be said to be a way out.

We have to continue to pay attention to the measures he can take. CRV is still crucial to the entire DEFI ecosystem. Now the price of the currency has reached a historical low. If CRV cannot survive, it means that DEFI's hematopoietic ability will drop a lot.

According to the current interest rate, Egorov needs to pay 60 million US dollars a year to maintain his position in Llamalend. If the price of CRV continues to fall, then his Crvusd position will continue to be liquidated. $ETH $CRV #crv