đ Ding-ding! Class is in session, crypto enthusiasts! Curve Finance's soft liquidation mechanism just passed a real-world test during a hacking attempt. đ But, oh boy, the CRV token price took a 28% nosedive in the process. đŹ
Founder Michael Egorov was seen juggling debt positions like a circus performer, but the system worked as intended, avoiding those pesky "bad debts."
Despite the successful test, the market still had a "wait, what?" moment, leading to the CRV price drop.
What are your thoughts on this? Is Curve Finance's mechanism a game-changer or just another crypto rollercoaster ride? đą Let's chat in the comments! đ