$131M worth of $CRV is at risk of liquidation if the price drops by 35%. Curve’s Founder has borrowed $110M in stablecoins against all his $CRV (50% of circulating supply). This could have severe implications for DeFi, with lending protocols at risk of accruing bad debt.
Curve Founder's $CRV Loan
Curve Founder's $CRV Loan
Curve Founder's $CRV Loan
$131M worth of $CRV is at risk of liquidation if the price drops by 35%. Curve’s Founder has borrowed $110M in stablecoins against all his $CRV (50% of circulating supply). This could have severe implications for DeFi, with lending protocols at risk of accruing bad debt.