The founder of Curve has seen borrowing positions across various platforms enter a dangerous zone, with the borrowing health rate of multiple positions dropping to around 1.1

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Curve founder Michael Egorov is currently using 5 addresses to collateralize a total of 371 million CRV (156 million USD) across 6 lending platforms, borrowing 92.54 million USD in stablecoins.

Due to the decline in CRV prices, Michael's lending positions on various platforms have now entered a dangerous zone. The health ratio of multiple positions has dropped to around 1.1 (i.e., if the CRV price continues to drop by 10% without additional collateral or repayment, liquidation will begin).

Last August, to avoid liquidation caused by the decline in CRV prices, Michael sold 159.4 million CRV to 33 investors/institutions through over-the-counter (OTC) transactions in exchange for 63.76 million USD in stablecoins to repay his loans. The selling price was 0.4.