Michael Egorov, the founder of decentralized finance (DeFi) protocol Curve, recently settled his loans on the lending platform Aave, reducing his debt to $42.7 million across other DeFi protocols.
According to the on-chain analytics platform Lookonchain, the Curve founder deposited 68 million CRV tokens, worth $35.5 million, to lending protocol Silo and borrowed 10.77 million in crvUSD stablecoin in the last two days. Following this, Egorov swapped the crvUSD into Tether (USDT) and paid all his debt on Aave.