Curve Finance Founder Reduces Debt to $42.7M, Fully Settles Aave Loan

Michael Egorov, the founder of the decentralized finance (DeFi) protocol Curve, has recently settled his loans on the lending platform Aave, which has decreased his debt to $42.7 million across various DeFi protocols.

As reported by the on-chain analytics platform Lookonchain, Egorov deposited 68 million CRV tokens valued at $35.5 million into the lending protocol Silo. In return, he borrowed 10.77 million in crvUSD stablecoin within the past two days. Subsequently, he converted the crvUSD into USDT and utilized it to pay off his outstanding debt on Aave.