Stablecoin exchange protocol Curve announced today that its lending contract has been officially deployed, allowing users to begin borrowing and lending operations. Curve founder Michael Egorov has created his own lending position and provocatively responded, “Want to liquidate me? Bring it on!”
(Recap:
Big Brother Maji shorted Curve! Moral lock-up period ends, leading to a 15-minute crash of CRV and earning 250,000 pounds)
(Background:
Whale assists, Curve founder re-mortgages CRV! Pays off Aave’s 70 million pounds debt)
Decentralized exchange Curve has the deepest liquidity in stablecoin exchange and its successful governance token CRV enables high participation in its governance proposals.
Curve has deployed its lending contract
Earlier today, Curve tweeted that the lending contract has been deployed, allowing borrowing and lending to commence even though the frontend interface has not been officially released. It also called out arbitrageurs:
According to reports, the contract deployed by Curve is for one-way lending markets, commonly known as “Llama Lend” markets. Currently, three lending markets are open, allowing borrowing of crvUSD, crvUSD, and CRV with wstETH, CRV, and crvUSD as collateral, respectively.
Founder: Want to liquidate me? Bring it on!
Regarding Curve’s latest lending service, Curve founder Michael Egorov has created his own lending position and provocatively responded:
Previously, Michael Egorov faced the risk of being liquidated due to large-scale borrowing operations using his own CRV tokens, which often led to strong community criticism and even price attacks on CRV.
[Related Reports]
Promises made and broken? CRV falls nearly 20% in a week, Curve founder says OTC buyers “should” follow through…
Big Brother Maji shorted Curve! Moral lock-up period ends, leading to a 15-minute crash of CRV and earning 250,000 pounds.
160 million CRV dumped! Curve founder’s lock-up agreement expires on 2/1, OTC buyers have earned 20%.