#Crv Briefly summarize the whole story of the CYV liquidation incident: a Crv whale continuously loaned 92 million Crv from AAVE, and then moved to OKX to short Crv, causing the Crv price to be hit from 0.61 to the lowest 0.4, but fortunately, the whale After 0.4, there was no ammunition to continue the offensive, hitting the AAVE founder Crv mortgage position of 0.259.

After that, Crv rose from 0.4 to a maximum of 0.74, which triggered another concern: if crv rose, no one in Aave might be willing to liquidate it. With insufficient Crv in the market, whales would not be able to liquidate AAVE. Taking out a loan to close a position is equivalent to transferring the risk of thunderstorms to AAVE. In the end, the price of Crv rose, which triggered liquidation and caused the whale's assets to become negative. AAVE could only sell the market to pay for bad debts.