Curve's $140 Million CRV at Risk of Liquidation!
đš Financial Crisis - Michael Egorov, the founder of Curve Finance, faces the potential liquidation of $140 million in CRV. He has borrowed $95.7 million in stablecoins (mainly crvUSD) across five accounts on five different protocols.
đ° Interest Burden - Egorov pays up to $60 million annually to maintain his open positions on Llamalend, creating a massive financial burden and pushing him into a precarious situation.
đ Liquidation Pressure - At current rates, Egorov's positions are at significant risk of liquidation if CRV's price drops, potentially causing a major shock to the cryptocurrency market.
đ Impact on the Community - This event affects not only Egorov but also has the potential to send ripples through the DeFi community.
đ Can Egorov overcome this financial crisis? This is a pressing question within the cryptocurrency community.
For more details, you can read more on https://t.me/aitekanalytics
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