The post Curve Founder Michael Egorovthe Settled All Debts with Aave! appeared first on Coinpedia Fintech News
Michael Egorov, the founder of Curve, has settled his remaining debt position on “Aave”, according to on-chain data from Lookonchain. Egorov had borrowed 10.8 million of Curve’s decentralized stablecoin crvUSD on Silo and then repaid his debt position by swapping the crvUSD for Tether’s USDT stablecoin. However, Egorov still has $42.7 million in debt across four other DeFi platforms. In August, he sold 106 million of the CRV to mitigate the liquidation risks associated with the outstanding debt. The OTC sales included deals with crypto trading firm Wintermute, Tron founder Justin Sun, and NFT investor Jeffrey Huang.