Popular this morning Curve millions of pools Tether (USDT) sale took place.
Curve protocol USDT, USD Coin (USDC) and DAIThe USDT balances in the stablecoin swap pool 3 pools consisting of .
Tether CTO Paolo Arduino stated that this was due to the negative sentiment in the crypto market, while the Curve founder took precautions against a possible liquidation risk.
A wallet linked to Michael Egorov, the founder of Curve Finance, has been given $1.35 million to Aave, The Block reported. USDT reduced its on-chain debt by returning it.
Curve founder Egorov’s 288.7 million dollars worth 167 million dalar Curve DAO (CRV) It has a loan of 62 million USDT supported by
It was stated that since the loan size is too large, the liquidity pools will be insufficient in a possible liquidation and the founder of Curve paid his loan due to the decrease in CRV with the expectations that the CRV may decrease further.
In addition, DeFi risk management firm Gauntlet has offered the Aave community a freeze of all CRV tokens in response to potential liquidation.
Making a statement on this subject, Curve founder made a statement about the Aave loan:
“It’s better to be a little more careful with the position in Aave. Even if the CRV offer is rejected, the payment is better for me.”
*Not investment advice.
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