1/ The founder of Curve.fi always deposits $CRV to #Aave and borrows $USDC& $USDT.
He deposited 291M $CRV (34% of the Circulating Supply) on #Aave and borrowed $65M $USDT & $USDC now.
Let's take a thread to see where these $USDT and $USDC were transferred to.
2/ Let's start with a summary.
- 37.7M $USDT was deposited to #Bitfinex;
- 51M $USDC was transferred to Wintermute Trading;
- 14.2M $USDT was used to buy ETH and USDC during the USDC depegging.
3/ Curve.fi Founder deposited a total of 37.7M $USDT to #Bitfinex.
Among them, 31M $USDT was transferred to #Bitfinex from April 10th to April 14th.
At that time, the price of $BTC rose above $30,000.
etherscan.io/token/0xdac17f…
4/ From June to September 2021, Curve.fi Founder transferred 4.74M $USDT to address"0xb10f", mainly for providing liquidity on https://t.co/KJyxZS1wiW.
etherscan.io/token/0xdac17f…
And he deposited a total of 4M $USDT on #Kraken.
etherscan.io/token/0xdac17f…
5/ Curve.fi Founder transferred 51M $USDC to Wintermute Trading through the address"0x9660".
etherscan.io/token/0xa0b869…
etherscan.io/token/0xa0b869…
6/ Curve.fi Founder borrowed 6.8M $USDT to buy 4,014 $ETH at $1,694 during the USDC depegging.
And borrowed 7.4M $USDT to buy 7.8M $USDC at $0.95 during the USDC depegging.
7/ On November 22, 2022, ponzishorter.eth tried to short $CRV by borrowing and dumping $CRV, trying to liquidate Curve.fi Founder's $CRV on Aave, but ended in failure.
Since then, the borrowing of $CRV is disabled.
app.aave.com/reserve-overvi…
8/ Follow @lookonchain and turn on notifications, or join our telegram group to receive alpha information.
t.me/lookonchain
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.