Curve Finance Eliminates Bad Debt on LlamaLend

IconCryptoNewsTerminal Staff14 Jun, 2024

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Curve Finance Eliminates Bad Debt on LlamaLend

Curve Finance (CRV), a leading decentralized exchange, has successfully resolved all bad debt on its lending protocol, LlamaLend (CRV). This marks a significant milestone for Curve and its users, as it ensures that all positions on the platform are fully reconciled and that there is no outstanding bad debt. The resolution of bad debt on LlamaLend follows an earlier announcement by Curve founder Michael Egorov, who revealed that 93% of the stablecoin lending positions using CRV as collateral had been repaid. The remaining positions have now been settled, bringing the total bad debt to zero. This development is a testament to the strength and resilience of the Curve ecosystem. It also demonstrates the commitment of the Curve team to ensuring the safety and security of its users' funds. With bad debt now eliminated on LlamaLend, Curve users can be confident that their positions are fully secured and that they can continue to use the platform with peace of mind.

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