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Aave
Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave
Curve founder Michael Egorov has deposited 68 million CRV tokens worth $35 million to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave
Egorov now has $132 million worth of collateral and $42 million in debt across all other DeFi lenders.
DeFi and Credit Risk
This potentially disruptive sector must set aside some of its lofty ideals, for now, and focus on financial solutions with demonstrable global demand and adoption.
Curve Crisis Shows Pitfalls of Decentralized Risk Management
Top DeFi lenders allowed a crypto CEO to take a risky bet, raising key questions about how they manage risk.
Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis
The proposals, which aim to disable CRV borrowing and decrease Aave’s exposure to Curve’s native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov.
Curve Founder Raises $42.4M to Pay Off $80M On-Chain Debt
Michael Egorov is under liquidation pressure following CRV’s recent price drop and Curve exploit.
Aave Should Block Curve Token Borrowing, Risk Management Firm Argues
Risk management firm Gauntlet posted a proposal to Aave community members, suggesting the ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing borrowing activity. "The Hash" panel weighs in on the aftermath of the Curve Finance exploit that has put the entire DeFi ecosystem under stress since Sunday.
DeFi Died and We Didn’t Even Notice
The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance.
Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses
They’re responding to the potential systemic risk posed by Michael Egorov’s teetering financial position.
Chainlink's Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live
This is the launch of the standard that could connect all of the blockchains and all of the bank chains, Sergey Nazarov said in an interview with CoinDesk.
