As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks

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As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks
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“I don’t necessarily think it’s a sign of unethical behavior, but it does open up risks — exactly as you’ve seen occur — and the risks are not too hard to predict,” remarked Powell. “If you have a $100 million loan, and you have that on leverage, and it’s against your token, there’s a chance your token could drop in price and you’ll need to liquidate it to cover yourself.”

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