Curve founder Michael Egorov has settled his remaining debt position on the decentralized lending platform Aave, according to on-chain data.
Egorov currently has 253.7 million CRV in collateral, securing $42.7 million in remaining debt positions across four other DeFi protocols, Lookonchain added. This includes 17.1 million crvUSD on Silo, 13.1 million FRAX on Fraxlend, 10 million DOLA on Inverse and $2.5 million in USDC and USDT debt on Cream.sold 106 million of CRV for $46 million
in deals to reduce potential liquidation risks associated with his outstanding debt across the various DeFi platforms, including Aave. Egorov has been working to repay some of this debt to mitigate liquidation risks by selling the CRV tokens for stablecoins. The token sales included deals with crypto trading firm Wintermute, Tron founder Justin Sun and NFT investor Jeffrey Huang . An anonymous entityThe OTC sales followed a 30% decline in the price of CRV to $0.50 after a
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