CRV-long LlamaLend market recovery


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Promote with Leviathan NewsLlamaLend's CRV market accumulated bad debt during the June 2024 Egorov cascade, and this recovery is mostly CRV climbing back enough to make underwater positions solvent again. LLAMMA's soft liquidations only work cleanly when band depth exceeds position size — for governance-token-scale collateral that's rarely been true. The structural risk wasn't fixed, just deferred to the next drawdown.
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