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jadde financial solutions llc ✌️【Profit】✌️₹500 is your key to high monthly profits. Invest now for big returns!Some of the addresses also conducted several swaps between CRV and Tether's USDT, the data shows.The liquidation of such a large position started to put pressure on other DeFi protocols as CRV is used as a trading pair and ballast in trading pools across the ecosystem.One address on Frax Lend, a different lending and borrowing protocol,saw $3.3 millionin liquidated positions as CRV prices fell.This is the second time Egorov's borrowed positions have created ripples in the crypto market.
In 2023,an exploit of several Curve lending poolscaused CRV prices to suddenly dump – putting over $100 million at risk of being liquidated.At the time, DeFi bigwigs such asTron founder Justin Sun stepped in to supply liquidityand prevent bad debt, acquiring millions in CRV at a discount to prevent the risk of collateral damage across the crypto ecosystem.Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
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