ABCDE Researcher: If CRV Falls to $0.36, CURVE Founder Will Face Liquidation

Techflow, a financial research platform, has reported that Michael Egorov, the founder of Curve, is facing liquidation risks with his $CRV collateral. He has borrowed over $54 million across six lending platforms, with the majority of his collateral and remaining assets being in the form of CRV. The safety factors of these six positions range from 1.29 to 2.29. If the price of $CRV drops by an additional 23%, reaching 0.36U, liquidation will be triggered. Among these positions, the one with the lowest safety factor is $FRAX LENDING, with a current borrowing interest rate of 35%. If the utilization rate continues to increase, $FRAX LENDING may enter a high-interest lending mode, accelerating the occurrence of liquidation. In this loan, Michael has collateralized 39 million $CRV and borrowed 17 million FRAX. The trading volume of $CRV on Binance in the past 24 hours was 10.9 million.