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Data: The founder of Curve repaid 1 million FRAX debts again, and a total of 4.14 million FRAX has been repaid within 50 minutes
According to PANews news on August 1, data on the chain shows that after Curve founder Michael Egorov (Michwill) repaid 3.14 million FRAX debts, he once again converted nearly 1 million USDT into FRAX, repaid 1 million FRAX debts, and withdrew 2.5 million CRVs.
In the past 50 minutes since then, Michwill has repaid a total of about 4.14 million FRAX debts and withdrawn a total of 10 million CRV. Michwill's current CRV collateral on Fraxlend is about 49.1 million CRV. It is worth mentioning that the 4 million USDT used by Michwill to repay debts in this wave was transferred from 3 different other addresses (probably external OTC addresses). This may be an off-site transaction. According to the 2.5 million CRV/per 1 million USDT calculation, the off-site price is 0.4 US dollars.