Curve founder holds $140 million in CRV lending positions close to liquidation

Arkham posted this morning that Curve founder Michael Egorov currently borrows $95.7 million in stablecoins (mainly crvUSD) on 5 accounts on 5 protocols with $140 million in CRV as collateral. Based on the current interest rate, Egorov needs to pay $60 million a year to maintain his position on Llamalend.

Egorov has $50 million in crvUSD borrowed on Llamalend because there is almost no remaining crvUSD to borrow on Llamalend with CRV as collateral, and Egorov's 3 accounts already account for more than 90% of the crvUSD borrowed on the protocol. If the price of CRV drops by about 10%, these positions may begin to be liquidated.