Loading...
Market
CRV token price drops below $0.20 by June 30, 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available cryptocurrency price data from exchanges such as CoinMarketCap, CoinGecko, etc.
Story
Curve Founder Faces $140M CRV Liquidation, $95.7M Borrowed, CRV Drops 12%
Jun 13, 2024, 03:04 AM
Curve founder Michael Egorov is facing significant financial challenges as $140 million worth of CRV is nearing liquidation. Egorov has borrowed $95.7 million in stablecoins, primarily crvUSD, across five accounts and five protocols, using $141 million in CRV as collateral. The current rates require Egorov to pay $60 million annually to maintain his positions. However, many of his positions are actively liquidating, causing some protocols to incur bad debt. The situation has led to a 12% drop in CRV's value within the last hour. The $CRV ticking timebomb has finally exploded, and many protocols with unsiloed liquidity are advised to exit.
View original story
Similar markets
Above $60 • 25%
Below $20 • 25%
$20 - $40 • 25%
$40 - $60 • 25%
Price recovers to $0.10 or more • 25%
Price stabilizes between $0.01 and $0.09 • 25%
Price drops below $0.01 • 25%
Price remains volatile with no clear trend • 25%
Decrease by more than 20% • 25%
Change within ±20% • 25%
Increase by 20-50% • 25%
Increase by more than 50% • 25%
Below $1 billion • 25%
$1 billion to $1.5 billion • 25%
$1.5 billion to $2 billion • 25%
Above $2 billion • 25%
Below $0.05 • 25%
$0.05 to $0.10 • 25%
$0.10 to $0.20 • 25%
Above $0.20 • 25%
Increases by over 50% • 33%
Decreases by over 50% • 33%
Remains stable (±10%) • 34%