According to PANews on August 1, data on the chain shows that after Curve founder Michael Egorov (Michwill) repaid 1 million FRAX debts, he converted nearly 140,000 USDC and 2 million USDT into FRAX, and repaid a total of 2.14 million FRAX debt, and take out 5 million CRV (about 1.32 million US dollars) as collateral.
In the past 40 minutes since then, Michwill has repaid a total of about 3.14 million FRAX debts and withdrawn a total of 7.5 million CRV. Michwill's current CRV collateral on Fraxlend is about 51.6 million CRV.
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Data: The founder of Curve has repaid 3.14 million FRAX debts and withdrawn 7.5 million CRV in nearly 40 minutes
According to PANews on August 1, data on the chain shows that after Curve founder Michael Egorov (Michwill) repaid 1 million FRAX debts, he converted nearly 140,000 USDC and 2 million USDT into FRAX, and repaid a total of 2.14 million FRAX debt, and take out 5 million CRV (about 1.32 million US dollars) as collateral.
In the past 40 minutes since then, Michwill has repaid a total of about 3.14 million FRAX debts and withdrawn a total of 7.5 million CRV. Michwill's current CRV collateral on Fraxlend is about 51.6 million CRV.