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The wife of the CEO of the decentralized project Curve Finance, Mikhail Egorov, bought mansions in Australia for AUD$60 million
Anna Egorova of blockchain developer Mikhail Egorov spent over AUD$59 million ($39 million) buying two mansions in Melbourne, Australia. It is reported by The Australian Financial Review with reference to the financial statements.
Source: realestate.com.au
The latest purchase was a two-story Italian-style mansion called Verona. The couple paid AUD$18.25 million ($11.8 million) for it. Built in 1874, the mansion has five bedrooms, a swimming pool, a basement gym, and a kitchen with a lounge.
Source: www.afr.com
Earlier in 2023, the Egorovs had already spent AUD$41 million ($26.6 million) to purchase the luxury four-story Victorian mansion Avon Court. The 1890 mansion has an elevator, nine bedrooms, seven bathrooms, a gym, a bathhouse, two swimming pools, a playground, a mini-football field, six kitchens, and a basement garage with space for ten parking spaces.
The publication notes that, according to Mikhail Yegorov’s LinkedIn profile, he lives in Switzerland. Because of this, it is unclear whether the couple intend to move to Australia or bought expensive real estate as an investment.
Mikhail Egorov is the founder and CEO of decentralized exchange liquidity pool Curve Finance. In early May, the project launched its own crvUSD algorithmic stablecoin based on the Ethereum blockchain. The launch did not go smoothly, as the editors previously wrote. The crvUSD stablecoin is backed by a cryptocurrency, similar to the makerDAO (DAI) stablecoin. As with DAI, cryptocurrency users on the Curve platform can issue stablecoins through overcollateralized loans.
The crvUSD stablecoin relies on the Lending-Liquidating AMM (LLAMMA) algorithm, which regularly liquidates and automatically deposits collateral to manage risk. Thanks to the algorithm, the stablecoin maintains its peg to the US dollar.
- In January 2022, the founder of the American cryptocurrency exchange Coinbase, Brian Armstrong, also became the owner of luxury real estate. As the media found out, Armstrong bought a mansion in Los Angeles for $ 133 million. The purchase became one of the most expensive ever made in Los Angeles.
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