Tag: Curve Finance

Curve Finance’s LLAMMA Mechanism Handles Hack, $CRV Drops 28%

Curve Finance’s LLAMMA Mechanism Handles Hack, $CRV Drops 28%

Curve Finance recently faced a hacking attempt that tested its soft liquidation mechanism, LLAMMA.  Despite LLAMMA's success in managing the situation, the CRV token's price plummeted by over 28%, causing alarm within the decentralised finance (DeFi) community. Curve Finance founder Michael Egorov is facing liquidation risk as his leveraged positions ...

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