DeFi Debt Crisis: The Great Curve Loan
Level 4 - Turbo Autist
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You may have heard the rumors that Michael Egorov, founder of Curve Finance, could be at risk of liquidation on his $100 million dollar DeFi loans.
Today we’ll recap on how borrowing and lending works in DeFi and give our view on whether liquidation is likely or not, and how each outcome could affect the DeFi ecosystem.
Let’s dive in.