Founder of Curve Finance, Michael Egorov, is liquidating his CRV lending positions across multiple addresses, signaling a significant change in his financial strategy. This move comes as the value of CRV, Curve Finance's governance token, has dropped by over 30% in the past week, triggering liquidations across the board. Egorov's positions, which were taken out against CRV, have been particularly affected, with over $140 million worth of CRV at risk of liquidation.

The liquidation process is being closely monitored by on-chain analyst Yu Jin, who has been tracking Egorov's positions across various lending platforms. As the value of CRV continues to plummet, Egorov's positions have fallen below the liquidation line, forcing him to sell off his CRV holdings to repay his debts. This has resulted in a cascade of liquidations, with other positions also being affected.

Egorov's decision to liquidate his CRV lending positions is a significant shift in his financial strategy, which had previously relied heavily on borrowing against CRV. The move is seen as an attempt to cut losses and minimize further risk, as the value of CRV continues to decline. The liquidation process is expected to continue in the coming days, with many market observers watching closely to see how the situation will unfold.

The impact of Egorov's liquidation is being felt across the market, with many other CRV holders also facing liquidations. The value of CRV has dropped significantly in recent days, leading to a wave of selling that is expected to continue in the coming days. The situation is a reminder of the risks involved in borrowing against volatile assets like CRV, and the importance of managing risk in a rapidly changing market.

As the liquidation process continues, many market observers are watching closely to see how the situation will unfold. The impact of Egorov's liquidation is expected to be significant, with many other market participants also facing liquidations. The situation is a reminder of the risks involved in borrowing against volatile assets like CRV, and the importance of managing risk in a rapidly changing market.