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LSETH liquid staked eth in India ✌️【Capital】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Lending protocol Curve's CRV token plunged Thursday as loans tied to company founder Michael Egorov automatically liquidated, leading to a burst of selling.Data tracked by blockchain analytics firmsLookonchainandArkhamshow Egorov's addresses have taken out a cumulative loan of nearly $100 million worth of stablecoins, mostly crvUSD, against $140 million in CRV collateral.Hours after the sudden move in prices, which took CRV's token price down 30% at one point, Egorovacknowledged on Xthat his positions were liquidated.
"I have already repaid 93%, and I intend to repay the rest very shortly.
It will help users not to suffer from this situation," he said.The Curve Finance team and I have been working to solve the liquidation risk issue which happened today.Many of you are aware that I had all my loans liquidated.
LSETH liquid staked eth in India ✌️【Capital】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.Size of my positions was too large for markets to handle and caused 10M of bad debt.
LSETH liquid staked eth in India ✌️【Capital】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Only CRV market on…ADebank profiletracking Egorov's wallet shows he has borrowed from Inverse, UwU Lend, Fraxlend and Curve's LlamaLend using CRV tokens as collateral.
LSETH liquid staked eth in India ✌️【Capital】✌️Start with ₹500 and get fast returns through secure and profitable investments.Total holdings across tracked wallets are down 50% in the past 24 hours.Wallet transactions show Egorov actively taking steps to mitigate risks.LSETH liquid staked eth in India Flexible Part-Time Jobs: Work From Anywhere
