Curve founder: CRV buyers who violate the cooperation agreement will not face negative consequences, and I believe they will adhere to the six-month lock-up commitment

ChainCatcher news, according to Blockworks, CRV has dropped 20% this week, currently priced at $0.47. The price decline may be due to previous over-the-counter (OTC) trades. Earlier, Curve Finance founder Michael Egorov made a series of OTC trades with more than a dozen counterparties to save his loans and prevent cascading liquidations across the DeFi space, selling a large amount of CRV in exchange for stablecoins to repay debts. Some projects' communities have indirectly committed to a 6-month lock-up by voting to custody their CRV.

However, the lock-up does not seem to be enforced by law or smart contracts. Reports indicate that some participants have transferred their tokens to centralized exchanges.

Egorov confirmed in a statement that buyers who violate the cooperation agreement will not face negative consequences, but he believes they will adhere to the commitment regarding the 6-month lock-up period.

Previous news, DWF Lab spent 5 million USDT to purchase 12.5 million CRV from Egorov on August 1, but transferred 2 million CRV to Binance on August 19; the head of DWF Lab stated yesterday that the transfer of CRV to Binance was for trading purposes.