Odaily星球日报讯 据派盾监测，Curve 创始人 Michael Egorov 的 2020 万枚 CRV 在 UwU Lend 被清算。

派盾：Curve创始人的2020万枚CRV在UwU Lend被清算

Odaily Odaily reported that according to Paidun monitoring, 20.2 million CRV of Curve founder Michael Egorov were liquidated in UwU Lend.

Paidun: Curve founder’s 20.2 million CRV were liquidated in UwU Lend

Author: Climber, Jinse Finance
On June 13, Beijing time, Curve founder Michael Egorov's $140 million CRV loan position has begun to be liquidated as the price of the currency fell. As of the time of writing, the positions on Egorov's five addresses have all fallen below the liquidation line, but only the main address has begun liquidation. However, the price of CRV has plummeted, with a maximum drop of more than 30% in a short period of time.
In July last year, the founder of Curve also encountered a liquidation crisis. However, since it was caused by an external hacker attack, the incident triggered a plan to assist Curve in the crypto market. ...

Deliberate or forced? Curve founder's $140 million CRV was finally liquidated

Odaily Odaily News UwU Lend posted on X that all bad debts in the wETH market have been paid off, a total of 481.36 wETH (equivalent to $1,734,042). So far, the following have been repaid: • 3,522,427 DAI; • 233,819 crvUSD; • 4.225 million USDT; • 481.36 wETH; A total of $9,715,288. Earlier news, UwU Lend lost $19.4 million due to hacker attacks.

UwU Lend has paid off all bad debts in the wETH market, equivalent to approximately $1.73 million

Odaily Odaily News Arkham posted on X at around 1:30 am today that $140 million of CRV is close to liquidation. Curve founder Michael Egorov currently borrows $95.7 million in stablecoins (mainly crvUSD) on 5 accounts of 5 protocols with $140 million of CRV as collateral. Based on the current interest rate, Egorov needs to pay $60 million a year to maintain his position in Llamalend. Egorov has $50 million of crvUSD borrowed on Llamalend, currently spending about 120% APY. This is because there is almost no remaining crvUSD to borrow on Llamalend with CRV as collateral, and Egorov's 3 accounts already account for more than 90% of the crvUSD borrowed on the protocol. If the price of CRV drops by about 10%, these positions may begin to be liquidated.