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Curve Founder Pitches Market-Based Recovery for $700,000 LlamaLend Bad Debt
Curve founder Michael Egorov proposed a market-based bad debt recovery model for Curve’s CRV-long LlamaLend market, where a vault is about $700,000 underbacked. Egorov said distressed vault tokens could trade through a Curve stableswap pool built around roughly 71% solvency instead of relying on a direct bailout.