Major DeFi Move: Curve Finance Creator Bolsters Position With $24M Collateral Deposit Into Aave

An intriguing move was made by a wallet believed to be owned by Michael Egorov, the creator of Curve Finance, with the wallet deposited an eye-popping 38 million Curve DAO (CRYPTO: CRV) tokens, valued at around $24 million, into Aave (CRYPTO: AAVE), a decentralized lending platform. On-chain analyst Lookonchain pointed out that this strategic move over the weekend was executed by Egorov to bolster his collateral, thus diminishing the likelihood of liquidation.