ABCDE Researcher: If CRV falls to $0.36, the founder of Curve will face liquidation

Researcher 0xLoki reminds that Curve founder Michael Egorov's CRV vault is once again facing liquidation risks. He has borrowed over $54 million on six lending platforms, with the collateral and remaining assets mainly being Curve. The safety factors of the six vaults range from 1.29 to 2.29. If the CRV price drops another 23%, i.e., to $0.36U, it will trigger liquidation.

Among them, the lowest safety factor is Frax Lending, with a current borrowing interest rate of 35%. If utilization continues to increase, Frax Lending may enter high-interest loan mode again, accelerating the occurrence of liquidation. In this loan, Michael pledged 39 million CRV and borrowed 17 million Frax; Binance's trading volume for CRV in the past 24 hours was 10.9 million.