- The founder of Curve Finance, Michael Egorov, is facing liquidation after a $22 million CRV liquidation cascade.

- Over $20 million worth of CRV-collateralized positions were liquidated, causing CRV's price to drop by more than 30% in an hour.

- Egorov had over 111 million CRV tokens in collateral and $20 million in debt over four DeFi platforms.

- The price of CRV fell, causing other positions to go underwater and triggering a cascade of liquidations.

- Egorov has been borrowing stablecoins against CRV to avoid selling his tokens on the open market, which would negatively impact the community.

- However, this strategy has been criticized for putting a burden on the Curve community and posing the threat of a liquidation cascade crashing the CRV price.

- The incident highlights concerns about the potential impacts on the whole DeFi sector.