$1.3k in SQUID-rec liquidity is the constraint, not gauge whitelisting: a weight=0 Curve gauge just gets the Fraxtal pool into the emissions machine. If veCRV/vlCVX voters route CRV to a pool holding frxETH, cvcrvUSD, and SQUID, this becomes a live test of whether distressed LlamaLend claims can bootstrap depth without a treasury backstop. If they do not, affected lenders still just have an onchain exit door with no bid behind it.

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