The CEO and founder of Curve Finance has recommended freezing the debt position opened at 32% of the project’s total tokens in circulation.
With CRV, Curve Finance’s token, on Aave V2 189 million dollar open a leveraged position founder and CEO of the project Liquidation of the mentioned position of Egorov in case of CRV can be negatively affected on the platform by Freezing of CRV loans suggested.
Michael Egorov, Curve’s total circulating supply to 32% corresponding 185 million dollars worth CRV And 4 million dollars worth TrueUSD (TUSD) by giving $67.7 million worth Tether (USDT) And USD Coin (USDC) got into debt.
On offer recently in CRV liquidity experienced to 50% drop attention to your position liquidation in case of potential risks were highlighted.
The main reason for the proposal to stop debts against CRV is Egorov’s CRV price as it falls constantly new to the position in order not to be liquidated in CRV attachment was shown. In this way, the CRV founder will not be able to continue to risk the token of his project and will have to trade with other cryptocurrencies.
Also a DeFi analyst, Ape’s PrologueCRV price $0.37 in total in case of 131 million worth a dollar liquidation of CRV However, in the event of liquidation, the current average market CRV to meet the amount of liquidity won’t be enough reported.
On the other hand, Egorov’s Aave V2 during the day 1.3 million worth a dollar Tether (USDT) sent was recorded.
Founder, at the beginning of the week on credit of your position reduce the risk of liquidation for the guarantee 24 million worth a dollar CRV had added.
According to Coinecko data, the latest 30 days in 30.9% depreciating CRV, end 24 hours in with a decrease of 11.6% as of my writing 0.574 dollars traded at the level.