The health rate of Curve founder Michael Egorov's lending position has declined again
On-chain data shows that the health rate of multiple lending positions of Curve founder Michael Egorov has once again dropped to around 1.1, meaning if the CRV price continues to fall by 10% without additional collateral or repayment, liquidation will begin. Among them, as of the time this article was written, the largest single loan is on UwU Lend with about 72.92 million CRV deposited and approximately $16.5 million borrowed; its health factor is 1.12. In addition, both the health factors for 19.48 million CRV on Silo and 46.02 million CRV on Fraxlend are below 1.14.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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