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BlockBeats news, on August 1, according to the analysis of Delphi Digital, an encryption research organization, Egorov, the founder of Curve, currently has 305 million US dollars of CRV as collateral on the Aave platform, and has lent 63.2 million US dollars of USDT. Under the liquidation threshold of 55%, his loan position may be liquidated when the CRV/USDT exchange rate is 0.3767. It only takes about a 33% drop in CRV's price for a liquidation to occur. In addition, he also needs to pay an annualized interest rate of about 4% as the cost of this loan.
Has a $59 million CRV position in Frax Finance against $15.8 million in debt. Although this borrowing ratio is relatively low, the risk to CRV is high due to Fraxlend's time-weighted variable rate. When the capital utilization rate is 100%, the loan interest rate will double every 12 hours.
According to the latest data from Fraxlend, the current utilization rate of CRV pool funds is 99.99%, and the loan interest rate is 105.2223%, but it is expected to rise to a maximum of nearly 10,000% APY in only 3.5 days.