The founder of Curve may be liquidated on a $70 million loan position on Aave due to the drop in CRV price
ChainCatcher news, according to CoinDesk, the decline in CRV price may force Curve founder Michael Egorov to have his $70 million loan position on Aave liquidated. Currently, CRV is priced at 0.63 USDT.
According to crypto researcher 0xLoki, the Curve founder has collateralized 292 million CRV and borrowed $110 million, with a liquidation price of approximately $0.4.
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