Michael Egorov reportedly faced the liquidation of his lending positions as CRV’s price dropped significantly. Egorov mortgaged 371m CRV through five addresses on six lending platforms. CRV fell to a new low of $0.3598 after breaking below its previous low of $0.3864. Curve founder Michael Egorov reportedly faced the liquidation of his lending positions as […]
The post CRV’s Latest Crash Threatens Curve Founder’s Lending Positions With Liquidation appeared first on Coin Edition.
- Michael Egorov reportedly faced the liquidation of his lending positions as CRV’s price dropped significantly.
- Egorov mortgaged 371m CRV through five addresses on six lending platforms.
- CRV fell to a new low of $0.3598 after breaking below its previous low of $0.3864.
Curve founder Michael Egorov reportedly faced the liquidation of his lending positions as the project’s native crypto, CRV, dropped significantly. According to Colin Wu, the famous Asian blockchain and crypto journalist, Egorov mortgaged 371m CRV, approximately $156 million, through five addresses on six lending platforms to borrow $92.54m in stablecoins. He noted that the mortgage’s health rate has dropped to around 1.1.
CRV crashed following a recent pullback in the overall crypto market. The decentralized exchange’s token fell to a new low after breaking below i…
The post CRV’s Latest Crash Threatens Curve Founder’s Lending Positions With Liquidation appeared first on Coin Edition.
