The lending health rate of multiple positions of Curve founders has dropped to around 1.1, and may face liquidation risk again

According to BlockBeats, on April 14, according to the monitoring of on-chain analyst Yu Jin, Curve founder Michael Egorov currently has 5 addresses on 6 lending platforms to pledge a total of 371 million CRV (156 million US dollars) to borrow 92.54 million US dollars in stablecoins. Because of the decline in CRV prices, Michael's lending positions on various platforms have now entered the danger zone again. The lending health rate of multiple positions has dropped to around 1.1 (that is, if the CRV price continues to fall by 10% without replenishment or repayment, liquidation will begin). In August last year, Michael sold 159.4 million CRV to 33 investors/institutions in an over-the-counter (OTC) transaction in exchange for 63.76 million US dollars in stablecoins to repay the loan in order to avoid liquidation caused by the decline in CRV prices. The selling price was 0.4.