According to ChainCatcher news, monitored by Spot On Chain, during the low period after the CRV liquidation crisis, 6 whales have accumulated 55.26 million CRV (approximately 19.4 million USD). Among the 6 whales, 5 are first-time buyers.This is reflected in the surge of first-time purchases of CRV over the past week. The CRV price has increased by about 14% in the last 24 hours, nearly returning to the price before the liquidation.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a certain whale withdrew $1.9 million worth of CRV from Binance 20 minutes ago, possibly buying during the CRV liquidation period.It is reported that CRV was affected by the liquidation of the lending position of Curve's founder on June 13, dropping to a low of $0.219, and the current price has rebounded by about 50% from the lowest point.

ChainCatcher news, Curve founder Michael Egorov tweeted that he has fully repaid the $10 million bad debt caused by the liquidation of CRV lending positions due to the UwU Lend security incident.

ChainCatcher message, Curve founder Michael Egorov posted on X: "The Curve Finance team and I have been working hard today to address the liquidation risk issue. Many people know that all my loans have been liquidated. My position size was too large for the market to bear, resulting in $10 million in bad debt. Only the CRV pool on the Curve lending platform (lend.curve.fi) was affected. I have repaid 93% and plan to repay the remaining bad debt soon, which will help users avoid losses due to this situation."

ChainCatcher message, the Aave community has voted in favor of the proposal to "reduce the CRV liquidation threshold for Aave V3 on Polygon," with a support rate of 99.99%.The proposal aims to reduce the CRV liquidation threshold for Aave V3 on Polygon by 15%, from 65% to 50%.

ChainCatcher message, Chaos Labs has initiated a proposal on the Aave governance forum to "Reduce the CRV liquidation threshold (LT) on Aave V3 Polygon."Due to the significant decline in market liquidity for CRV, this proposal aims to address the issue by lowering the liquidation threshold for CRV on Aave V3 Polygon; its goal is to reduce CRV-related risk exposure and lower its borrowing capacity, thereby aligning it more accurately with existing market conditions and other deployed parameters. Chaos Labs suggests reducing its LT by 15%, from 65% to 50%.Chaos Labs notes that the next step will be to submit an ARFC for snapshot voting for final approval based on community feedback. If consensus is reached, an Aave Improvement Proposal (AIP) will be submitted to implement the proposed updates.

ChainCatcher news, Aave-Chan Initiative founder Marc Zeller has released a new ARFC proposal in the Aave community, proposing that the Aave treasury purchase 5 million CRV tokens for 2 million dollars. It is reported that the proposal aims to send a strong signal of DeFi supporting DeFi, while strategically positioning Aave DAO in the Curve wars, thus benefiting the secondary liquidity of GHO.

According to ChainCatcher news and statistics from Twitter user 0xFengwuxiang, the liquidation price of CRV on various lending platforms by Curve founder Michwill is between 0.38-0.4 USDT. The largest position is 304 million CRV on Aave, with a liquidation price of 0.38 USDT. Currently, the fastest expected liquidation is 59.1 million on Fraxlend.

ChainCatcher message, the Snapshot voting page shows that the Aave community will vote on the ARFC proposal to "reduce the liquidation threshold (LT) and loan-to-value ratio (LTV) for CRV on Aave V2 Ethereum" on June 21. The voting will end on June 24.It is reported that the proposal was put forward by Chaos Labs, suggesting to reduce Aave's risk exposure to CRV on V2 Ethereum according to its recommendations, proposing to lower its LT and LTV by 3% respectively. If consensus is reached, an Aave Improvement Proposal (AIP) will be submitted to implement the proposed updates. (source link)