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Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole

Curve CEO Michael Egorov pledged 34% of CRV’s total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling.

Updated Aug 1, 2023, 3:15 p.m. Published Jul 31, 2023, 9:44 p.m.
Curve Finance's Michael Egorov (Michael Egorov, modified by CoinDesk)
Curve Finance's Michael Egorov (Michael Egorov, modified by CoinDesk)