Curve founder looks to unexpected counterparties to rescue sinking DeFi loans

A CRV fire sale from CurveFinance founder Michael Egorov saw a list of relatively well-known buyers snap up the token at a discount.

Curve Finance founder Michael Egorov is attempting to offload some of his DeFi positions to alleviate his mountain of debt, but some have highlighted his liquidity sources.

On Aug. 1, Nansen research analyst Sandra Leow posted a list of liquidity sources for Egorov’s Curve DAO positions. According to Leow, Egorov sold around 50 million CRV tokens over the counter to several buyers at a below-market rate of $0.40 per token. The sale includes a three to six-month vesting agreement or they can be sold should prices reach $0.80.2.5M CRV to DWF Labs

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