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Curve founder proposes dealing with bad debts in the CRV market

2026-07-22 00:52:54

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

CRV-1.29%

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