Curve deploys lending contract, founder Egorov: Want to liquidate me? Bring it on.
The stablecoin lending protocol Curve has announced the deployment of its lending contracts. The official statement indicates that although it has not been formally launched yet, lending activities are already possible.
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The stablecoin lending protocol Curve announced the deployment of its lending contract. The official statement mentioned that the product hasn't been formally launched yet, but lending is already available.
Michael Egorov, the founder of Curve, has faced criticism from the community for frequently being on the brink of liquidation due to heavy stablecoin borrowing using their native token CRV, which has led to attacks on the CRV token price. Regarding the launch of this new product, he stated, "Looking to liquidate me? Bring it on!" He showcased a transaction of his borrowing position on the new contract and hopes that more people will participate in Curve's lending market as a result.
CRV liquidation crisis raises concerns! Proposals from protocols like Aave force Curve's founder to repay debts quickly to reduce the risk of bad debts.
CRV surged over 10% in the 24 hours following the news:
