According to @Tetranode, Arkham’s new thread explains the mechanics of Yield Basis (YB), a mechanism proposed by Curve Finance founder Michael Egorov to address impermanent loss for DeFi liquidity providers. Source: https://twitter.com/Tetranode/status/2007631819672580455; Source: https://x.com/arkham/status/1996678576108605624 Arkham characterizes YB as a prospective solution to impermanent loss and defines impermanent loss as the temporary value drop LPs face from price volatility that can cause missed upside, highlighting its relevance to AMM-based LP returns. Source: https://x.com/arkham/status/1996678576108605624 For traders, the coverage spotlights Curve Finance (CRV) and DeFi LP yield strategies where impermanent loss risk is material, suggesting elevated attention to CRV, Curve TVL, and LP performance metrics as YB details circulate. Source: https://twitter.com/Tetranode/status/2007631819672580455; Source: https://x.com/arkham/status/1996678576108605624

According to @ai_9684xtpa, DWF Labs has deposited 10.5 million CRV tokens, worth $3.48 million, to Binance from an OTC address that had been inactive for a year. This move suggests that DWF Labs might be planning to sell these tokens. In August 2023, founder Michael Egorov sold 159.4 million CRV tokens at $0.4 each to 33 investors and institutions, with DWF Labs acquiring 12.5 million of these tokens. If DWF Labs sells the remaining portion, they stand to incur a loss of $717,000.

According to @ai_9684xtpa, DWF Labs has transferred 10.5 million CRV tokens, valued at $3.48 million, to Binance from an OTC address that had been inactive for a year. This move suggests that DWF Labs is likely selling off their OTC tokens. In August 2023, founder Michael Egorov sold 159.4 million CRV tokens to 33 investors/institutions at $0.4 per token, with DWF Labs acquiring 12.5 million of those tokens. If DWF Labs sells their remaining portion, they will incur a loss of $717,000.

According to Lookonchain, an institution sold all 25 million $CRV tokens at an average price of $0.22 over the past three days, incurring a loss of $4.58 million. The institution had initially purchased the $CRV tokens from Michael Egorov at an OTC price of $0.4, spending $10 million.

According to EmberCN, a whale or institution that purchased the most CRV in an OTC deal from Curve founder Michael Egorov last August has transferred 17.625 million CRV ($3.54 million) to Binance in the past 19 hours. Last August, Egorov sold 159 million CRV to 33 whales/institutions at a discounted price of $0.4 per CRV (market price was $0.6). The whale or institution in question had spent $10 million.

According to @lookonchain, Michael Egorov was recently liquidated 2.67 million CRV tokens worth $677,000 following a market drop. He still holds 10 million CRV tokens valued at $2.5 million staked in UwULend, with a health rate dangerously low at 1.09. Traders should monitor his positions closely as further liquidations could impact CRV prices.