$CRV gone, Founder cash out successfully.
The project is still its own, the reputation of being liquidated is to legalize the sale of tokens to garages.
Other projects affected in Defi are only those that do not know how to manage risks. Consider it a market cleansing.
Risk management means that bad debt coming from $CRV is isolated and processed in a separate pool, instead of the whole dapp being just a pool of money mixed together.
Consider it a gradual send-off of the old defi project. The actual impact is mainly on other defi projects that you do not hold such as $INV, $FXS , Silo,... Not too strong because they all know how to manage risks.
As for the falling price of CRV, in addition to affecting the Founder, it also corrects the stop loss of other people using CRV to borrow. How deep the impact will be is currently unknown.
As for the mental impact and insecurity, it will reach the entire market, because after all, this is one of Crypto's liquidity centers.
(A 300M cap project, pulling the trillion market down to 5%, can only be virtual currency).
Source: Nam OK
