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Curve founder proposes to deal with bad debts in the CRV market

MeNews
ME News, April 27 (UTC+8). Curve Finance founder Michael Egorov submitted a proposal to the Curve governance forum, saying that the CRV-long LlamaLend market generated bad debt after the market crash on October 10, 2025. The treasury assets are supported by about 70%, with a gap of about $700k. Egorov proposed opening a special funding pool via LlamaLend’s internal mechanisms, using a free-market approach to handle under-collateralized loans and recover bad debt. The mechanism requires no permission, no behind-the-scenes agreement, and Curve DAO can choose whether to participate. It has already set up a Curve stableswap pool with parameter A of 2; liquidity is concentrated around a repayment ratio of about 71%, with a swap fee of 1%. Egorov asked Curve DAO to approve a gauge for the funding pool used to swap treasury tokens. (Source: MLion)
CRV-0.18%
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