Curve Founder Michael Egorovthe Settled All Debts with Aave!

Creator: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Sep 27, 2023 15:59

Michael Egorov, the founding father of Curve, has settled his remaining debt place on “Aave”, based on on-chain knowledge from Lookonchain. Egorov had borrowed 10.8 million of Curve’s decentralized stablecoin crvUSD on Silo after which repaid his debt place by swapping the crvUSD for Tether’s USDT stablecoin. Nonetheless, Egorov nonetheless has $42.7 million in debt throughout 4 different DeFi platforms. In August, he offered 106 million of the CRV to mitigate the liquidation dangers related to the excellent debt. The OTC gross sales included offers with crypto buying and selling agency Wintermute, Tron founder Justin Solar, and NFT investor Jeffrey Huang.