Curve Finance soft liquidation works, but CRV plunges 28%
Curve Finance’s LLAMMA successfully handled liquidation during a hack attempt, but the CRV token fell by 28%, sparking concerns in the DeFi community.
Curve Finance’s soft liquidation mechanism successfully managed a real-world test during a recent hacking attempt, but its native CRV token price plunged over 28% amid the chaos.
Despite the significant fall in CRV value, Curve Finance’s liquidation process functioned as intended.
Related: Curve Finance founder’s $100M debt could trigger a DeFi implosion: Report
Curve Finance’s LLAMMA successfully handled liquidation during a hack attempt, but the CRV token fell by 28%, sparking concerns in the DeFi community.
Curve Finance’s soft liquidation mechanism successfully managed a real-world test during a recent hacking attempt, but its native CRV token price plunged over 28% amid the chaos. Despite the significant fall in CRV value, Curve Finance’s liquidation process functioned as intended.Related: Curve Finance founder’s $100M debt could trigger a DeFi implosion: ReportRead more