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Curve DAO Token (CRV) recovering after founder repays debt amid liquidation crisis

Curve DAO (CRV) earlier today experienced a tumultuous period marked by significant liquidations and a steep price drop. This crisis resulted from a test of Curve Finance’s soft liquidation mechanism and was exacerbated by the extra large positions held by Michael Egorov, the founder of Curve Finance, resulting in a $10M bad debt. However, recent […] дальше »

2024-6-14 23:44


Aave Chan Initiative Proposes To Buy $2 Million CRV From Curve Founder

Founder of delegate platform Aave Chan Initiative (ACI), Marc Zeller, has proposed that the Aave Treasury purchases $2 million worth of CRV tokens from Curve founder Michael Egorov.  This proposal comes days after Curve Finance suffered an exploit causing a CRV price decline that has endangered Micheal’s Egorov’s loan positions on various lending protocols. According […] дальше »

2023-8-4 00:00