TechFlow reports, according to Theblock, that Michael Egorov, founder of Curve Finance, has repaid 1.35 million USDT to Aave from his wallet to reduce liquidation risks associated with his loan position on the decentralized lending platform Aave.
Currently, Curve's CRV token price has sharply declined, dropping 24% weekly to trade at $0.57, according to CoinGecko data. Egorov's loan position is backed by 288.7 million Curve DAO (CRV) tokens worth $167 million, with approximately 62 million USDT borrowed. His health factor stands at 1.55, down from above 1.6 yesterday.




