bearish

CRV, Aave, and the Art of Liquidation

448 Views23 Jun 2023 07:16
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SUMMARY
  • Curve Finance’s CEO Michael Egorov briefly found himself in the spotlight last week as Crypto Twitter spotted him depositing more CRV to Aave V2 in 3 large transactions worth a total of $35mn USD (represented by the orange plus signs below).
  • Currently, his position stands at nearly $200mn CRV deposited and $60mn USDT borrowed, making it one of the largest loans in DeFi history.
  • So, why is this significant? And what are the implications for Aave and CRV?
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