Curve Finance founder’s $100M debt would possibly well perhaps maybe space off a DeFi implosion: Picture

Curve Finance founder’s $100M debt could well also residing off a DeFi implosion: Yelp

Whereas Curve Finance is aloof weathering the aftermath of a most modern $47-million hack, one other disadvantage touching on holders of the decentralized finance (DeFi) protocol’s token has surfaced on the get hold of, sparking theories on how a extensive dump can potentially happen.

On Aug. 1, crypto study firm Delphi Digital revealed a Twitter thread detailing the loans taken by Curve Finance founder Michael Egorov which would maybe per chance well even very neatly be backed by 47% of the circulating provide of Curve DAO (CRV). Per the study firm, Egorov has around $100 million in loans all over different lending protocols backed by 427.5 million CRV.

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