Abracadabra offers Curve’s Founder a 200% Interest Rate on $18 Million!

The post Abracadabra offers Curve’s Founder a 200% Interest Rate on $18 Million! appeared first on Coinpedia Fintech News

DeFi protocol, Abracadabra, will offer Curve Founder, Michael Egorov, a 200% interest rate for an $18 million loan to reduce the liquidity risk associated with Curve’s CRV token. The loan will be used to acquire and hold CRV tokens as collateral, reducing the token’s overall supply in circulation and increasing its value. This move aims to make DeFi more stable and secure, attracting more investors and institutions. The loan will also provide Egorov with an attractive return on his investment. DeFi continues to show promise as a viable alternative to traditional finance.