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https://www.coindesk.com/markets/2023/07/31/a-curve-founders-168m-stash-is-under-stress-creating-a-risk-for-defi-as-a-whole/
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Curve Founder's $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole - CoinDesk
7/31/23 at 9:44pm
Organization
CoinDesk
Authors
Krisztian Sandor
Sage D. Young
Sam Kessler
Daniel Kuhn
Details
50 words
Summarize
Business & Industrial
Investing
Michael Egorov
M Stash Is Under Stress
Curve Founder
Defi
Whole - CoinDesk Curve
Honda CR-V
Curve CEO Michael Egorov pledged 34% of CRV’s total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling.
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