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 ...
