Curve founder Michael Egorov is such an idiot ๐ฅ
You put CRV worth 140 million US dollars on the chain for lending, which is equivalent to exposing your position exposure to the fangs of capital. Isn't this asking for a margin call?
Steps to buy and sell capital to make sure you make money:
1โฃ๏ธBorrow tens of millions of CRV at will;
2โฃ๏ธOpen short positions with high leverage in futures;
3โฃ๏ธThe spot market crashes and the founder's position is liquidated
4โฃ๏ธClose short positions at low levels and make a lot of money;
5โฃ๏ธThe spot market takes over and breaks the loan, making another profit;
PS: Retail investors should take over at a low price of around 0.25. Please calculate it. The rebound is not small!
$CRV $CVX $BTC #eth#crv#ens#btcname#did#name#loan
#lend #BTCโ