Curve founder Michael Egorov has made a significant move to settle his entire debt position on the Aave platform. According to reports, Egorov has managed to cut his debt down to $42.7 million by depositing $35 million worth of CRV tokens. This move not only clears his debt on Aave but also marks his departure from the platform. It is worth noting that there is still $42.7 million remaining to be paid.
The resolution of his debt on Aave is a significant development for Michael Egorov, the founder of Curve. Aave's decentralized lending platform allows users to borrow and lend crypto assets without the need for intermediaries. By settling his debt, Egorov has not only fulfilled his financial obligations but also demonstrated his commitment to responsible lending practices. This move is likely to strengthen his reputation in the cryptocurrency community.
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