The CRV lending position of Curve's founder has started to be liquidated

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the CRV lending positions of Curve founder have begun to be liquidated.

Currently, Curve founder Michael Egorov has multiple addresses where the CRV lending positions have fallen below the liquidation line. Among them, part of the CRV in his main address on Inverse is already being liquidated.

ChainCatcher previously reported that based on the current interest rates, Egorov needs to pay $60 million annually to maintain his position in Llamalend. Egorov has a $50 million crvUSD loan on Llamalend, currently costing him about 120% APY. This is because there is almost no remaining crvUSD available to borrow on Llamalend using CRV as collateral, and Egorov's 3 accounts have already accounted for over 90% of the crvUSD borrowed on the protocol. If the price of CRV drops by about 10%, these positions may start to be liquidated.