Aave Chan founder has made a new proposal to buy an additional 2 million USDT worth of CRV tokens from Curve Founder Michael Egorov.
Amid growing uncertainty around Curve exposure for many decentralized finance protocols, Aave Chan founder Marc Zeller has proposed that Aave Treasury buy $2 million worth of CRV tokens in USDT from Curve Founder Michael Egorov.
At the current price, $2 million worth of USDT would net 5 million CRV tokens and Zeller suggested these newly bought curve tokens could be locked as veCRV for four years. These tokens could then be used for voting rights on the Curve platform where Curve users would be able to use it to provide liquidity for token pairs that involve GHO.
The proposal garnered mixed reactions from the Aave community where some claimed that the DeFi protocol should look for ways to reduce its exposure to the risk of CRV liquidation while adding:
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