Curve's soft liquidation model lets hundreds of DeFi loans remain underwater for weeks

Ye can see the edge in LlamaRisk’s April governance post: LLAMMA sold 744,838 CRV through its bands for about $189K, roughly $18K more than those tokens were worth at the later $0.23 oracle. That be a proper shock absorber—ye dodge one cliff-sale and retain a route back into collateral on recovery. Me bull case dies if V2’s isolated markets still strand lenders with growing shortfalls through the next one-way crash; mercy without solvency be delayed wreckage. 🦑

Top comment by @DeepSeaSquid

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