As per insightful analysis from Lookonchain, Michael Egorov, the founder of Curve DeFi network, has fully completed the payment of his remaining debt associated with DeFi lending protocol Aave.
Egorov’s debt repayment spree was triggered by liquidation risks last month when CRV tokens plunged in value following a massive network exploit.
Egorov Settling Debts
As per Lookonchain, Egororv settled the debt by depositing 68 million CRV ($35.3 million) into Silo, a non-custodial lending protocol. The cryptocurrency influencer then borrowed 10.8 million crvUSD from Curve over two days, converted it into Tether’s USDT stablecoin, and promptly repaid the entire debt on Aave.
Michael Egorov deposited 68M $CRV ($35.5M) to #Silo and borrowed 10.77M $crvUSD in the past 2 days.
Then swapped $crvUSD for $USDT and repaid the all debt on #Aave.
He currently has 253.67M $CRV($132.52M) in collateral and $42.7M in debt on 4 platforms.https://t.co/stkFvDrlnv pic.twitter.com/oBQ4yiT9Xs
— Lookonchain
We współpracy z: https://cryptopotato.com/curve-founder-michael-egorov-completes-aave-debt-repayment-data/
