bearish

CRV, Aave, and the Art of Liquidation

436 Views23 Jun 2023 07:16
Syndicated
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?
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
Logo
Kaiko
Data-Driven Analysis of Cryptocurrency Markets
Kaiko
Crypto
Price Chart(Sign Up to Access)
analytics-chart
  • CRV, Aave, and the Art of Liquidation
    23 Jun 2023
x