TechFlow news, ABCDE researcher 0xLoki warned that Curve founder Michael Egorov's CRV debt positions are again facing liquidation risk. He has borrowed over $54 million across six lending platforms, with collateral and remaining wallet assets primarily in Curve. The health factors of these six positions range between 1.29 and 2.29. If CRV's price drops another 23%, or 0.36 USD, liquidations could be triggered.
The most vulnerable position is on Frax Lending, where the current borrowing rate stands at 35%. If utilization continues to rise, Frax Lending might re-enter its high-interest mode, accelerating the liquidation process. In this loan, Michael has deposited 39 million CRV as collateral to borrow 17 million FRAX, while Binance's CRV trading volume over the past 24 hours was 10.9 million.
