NDV Digital Ventures Founder Reveals Massive CRV Acquisition from Curve Founder

IconCryptoNewsTerminal Staff13 Jun, 2024

cryptonews.jpg

NDV Digital Ventures Founder Reveals Massive CRV Acquisition from Curve Founder

NDV Digital Ventures co-founder Christian2022.eth has disclosed acquiring 30 million CRV from Curve founder Michael Egorov. The purchase price remains undisclosed. Egorov had previously borrowed stablecoins against his CRV holdings. However, when CRV's price plummeted, he faced potential liquidations on his leveraged position. This transaction may represent a move to mitigate those risks. The acquisition highlights the growing interest in decentralized finance (DeFi) protocols and the potential for token acquisitions to stabilize market positions during periods of volatility.