According to Twitter user 0xFengwuxiang, Michwill, the founder of Curve, has a CRV liquidation price between 0.38 and 0.4 USDT on several loan platforms. With a liquidation price of 0.38 USDT, the largest position is 304 million CRV on Aave, and the fastest expected liquidation is 59.1 million CRV on Fraxlend.
According to data from Twitter user 0xFengwuxiang and Odaily Planet Daily News, Curve creator Michwill’s CRV assets on different loan platforms are liquidatable for between 0.38 and 0.4 USDT. The most significant position among these platforms is held by Aave, which has 304 million CRV and a liquidation price of 0.38 USDT.
With 59.1 million CRV, Fraxlend, a different loan platform, is now anticipated to have the fastest liquidation. The potential impact on the Curve project and the CRV token as well as these liquidation prices should be understood by investors who follow the cryptocurrency markets. It is essential to exercise due diligence and carefully evaluate the effects that liquidation events will have on the general market and specific investments.
