Michael Egorov, the founder of decentralized finance (DeFi) platform Curve Finance, withdrew nearly 12 million CRV tokens (11.85 million to be precise), equivalent to $5.08 million, from the platform’s vesting contracts. The disclosure was made by Scopescan on its official Twitter account at 3:05 PM. The detailed data regarding this withdrawal can be accessed via Scopescan’s entity dashboard.
Following the specified vesting schedule for CRV token holders, Egorov is now eligible to claim 548,600 CRV, which is valued at $235,000, on a daily basis. This amount aggregates to approximately 16.7 million CRV or $7.16 million monthly. The substantial withdrawal of CRV tokens by Egorov showcases the significant earning potentials embedded within the DeFi sector, particularly for founders and early investors of successful projects like Curve Finance.
The disclosure of this hefty withdrawal triggered a variety of responses within the…
