Stablecoin exchange agreement Curve founder Michael Egorov (michwill) had his CRV lending position liquidated for $140 million.
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The liquidation of Curve founder is just exiting CRV, the emperor is not in a hurry
)
Michael Egorov finally speaks out:
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“The Curve Finance team and I have been working hard to address the liquidation risk issue that occurred today. Many of you know that all of my loans have been liquidated. My position was too large for the market to handle, resulting in a $10 million loss. The lend.curve.fi market was most affected. I have already repaid 93%, and I plan to repay the rest soon. It will help users avoid this situation.”
Ethereum developer @sassal0x sarcastically commented: “Just don’t buy a mansion.”
CRV
Curve
DeFi
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