Ethereum developer @econoar
Commentary
Michael Egorov did not mess up because of the liquidation of CRV. He sold $1.4 worth of CRV and exchanged it for $100 million in stablecoins. While he could have possibly sold at a similar price on the market, it would have made the community very angry. Exiting through the DeFi liquidation mechanism is a better option. @sassal0x responded that Michael Egorov’s actions still upset the community. (Due to CRV experiencing a drop of more than 30%)
Curve Founder Exits as CRV is Liquidated Emperor remains unfazed