📉 Curve Finance's CRV token took a 28% nosedive recently, but hey, every cloud has a silver lining! The platform's soft liquidation mechanism passed its real-world test with flying colors. Founder Michael Egorov found himself in a bit of a pickle when the token price fell, but managed to juggle his debt positions like a pro. The system, known as LLAMMA (Lending-Liquidating Automate Market Maker Algorithm), ensures liquidations don't result in "bad debts". Despite the market's knee-jerk reaction, it's comforting to know that Curve's safety nets are working just as they should. 😅
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