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DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan

All proceeds from such a strategy would be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with CRV's liquidity conditions.

Abracadabra wants to charge 200% interest on Michael Egarov's loan (Shutterstock)
Abracadabra wants to charge 200% interest on Michael Egarov's loan (Shutterstock)