Track the holdings of CRV founder and the liquidation of CRV. I am not sure how this will effect crypto but anybody that uses any De-Fi project and have funds need to consider immediate action because could roll cascade of liquidations.
https://platform.arkhamintelligence.com/explorer/entity/michael-egorov
Thanks for sharing! Why do you think this could effect other non CRV DeFi projects, too?
Because the yields come from Curve protocol CRV. The founder try to hold on for 2 years. He managed to hold but today failed. It was attempt from other whales to liquidate him but they were unsuccessful. Curve even change or updated the protocol but the founder extended in borrowing with CRV and put the protocol at risk. During 2020,2021,2022 most of the De-Fi protocols used Curve for Yields and rewards. I am not sure now but people do not know who want is using on a backend. I had my eyes on this for long and I expected in some moment to happened talking about his liquidations.
