Founder of Curve: CRV Buyers Who Violate the Cooperation Agreement Will Not Be Negatively Affected, but I Believe They Will Abide by the Half-Year Lock-Up Commitment

08/23 02:00

On August 23, according to Blockworks, Michael Egorov, the founder of Curve Finance, reached a series of off-exchange transactions (OTC) with more than ten counterparties to sell a large amount of CRV for stablecoins to repay his debt in order to save his loan and possibly prevent a cascading liquidation in the entire DeFi field.
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