Curve Finance founder Michael Egorov took out a $100m loan on CRV across multiple lending platforms, most notably Aave (~$65m). Some of the proceeds of this were apparently used to purchase two mansions in a flamboyant showcase of leveraging DeFi in the real world. However, things turned sour when Curve was hacked this week for around $70m in various tokens. There has been uncertainty in the market if CRV will remain above the liquidation threshold for the loans. CRV is currently $0.58.
His current positions are:
- $60m from Aave...