PANews May 1 news, Curve Finance official statement indicates that after the market crash in October 2025, some lending markets under Curve Finance have experienced bad debt issues, with the Llamalend funding pool of CRV-long being impacted by severe price fluctuations and liquidity contraction, leaving some deposit users facing restrictions on withdrawals and asset losses.

In response to this issue, Curve is introducing a "recovery path" based on on-chain market mechanisms, allowing affected users to choose between different strategies: directly selling their claims to exit, continuing to hold for potential recovery, or providing liquidity to earn fees and incentives.

The core of this mechanism is to establish a trading pool between crvUSD and the damaged claim tokens, allowing bad debt claims to be priced in the market and creating liquidity, thereby providing users with immediate exit channels rather than relying solely on final liquidation results. Curve states that this design will not eliminate losses or guarantee recovery, but will gradually reflect risks and recovery expectations through market-based methods.

Model data shows that as the CRV price rebounds, the system's solvency will gradually improve, with partial recovery starting to appear around the $0.957 range, and a modeled complete recovery potentially achievable around the $1.242 range (not guaranteed).

Additionally, if the governance layer allocates rewards to this pool through the veCRV incentive mechanism, it will help enhance liquidity depth, improve exit conditions, and strengthen market pricing efficiency.

Curve also states that this event has prompted it to strengthen risk parameter design, market standards, and risk alert mechanisms in Llamalend V2 to improve the overall robustness of future lending markets.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。