Curve Founder Narrowly Avoids Liquidation as Curve Token Plunges, Exchanges See Over $1.9 Billion in Liquidations

Curve founder Michael Egorov faced potential liquidation as Curve's token plunged to $0.42 over the weekend
Egorov had mortgaged 371 million CRV tokens worth $156 million across lending platforms to borrow $92.5 million in stablecoins
His health ratio dropped to 1.1, meaning his positions were close to liquidation without added capital
Centralized exchanges saw $1.556 billion in liquidations between April 13-14, while shorts got liquidated by $273 million
Decentralized exchanges had over $120 million in liquidations, the highest so far this year according to data