🎢Crypto rollercoaster alert! Michael Egorov, the big kahuna at DeFi protocol Curve Finance, has been busy repaying 93% of a $10M bad debt. Why? His positions were too hefty for the markets to handle, causing a soft liquidation. 🤯

But wait, there's more! Amid the chaos, Curve's CRV token price took a 28% nosedive. Egorov himself faced a whopping $140M in liquidations. Talk about a bad day at the office!

But fear not, Egorov has a plan. He's proposed burning 10% of outstanding CRV tokens to stabilize the price. As a sweetener, active voters will get a 3-month APY boost on all platform deposits.

Got thoughts on this wild ride? Share in the comments! 🎢👇