TLDR Index
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  1. Page 1: Today’s IndexTLDR, TLDR AI, TLDR Web Dev, TLDR Crypto, TLDR Founders · 9 stories
  2. Page 2: TLDRTLDR · 10 stories
  3. Page 3: TLDR AITLDR AI · 4 stories
  4. Page 4: TLDR Web DevTLDR Web Dev · 10 stories
  5. Page 5: TLDR CryptoTLDR Crypto · 11 stories
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  7. Page 7: Resources & ToolsTLDR, TLDR AI, TLDR Web Dev · 8 stories
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Daily Edition · Page 5

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

BREAKING DOWN CURVE’S LLAMMA INNOVATION

Curve has introduced a novel lending-liquidating algorithm, LLAMMA, that aims to improve the process of liquidation in DeFi lending. Rather than using "hard liquidations", which are common in overcollateralized lending, LLAMMA uses a "soft liquidation" process which gradually liquidates collateral across a price range, potentially mitigating loss for borrowers. How it works is that borrowers deposit collateral into LLAMMA, receive debt in Curve's stablecoin crvUSD, and have collateral spread across bands to create a liquidation range. The protocol relies on oracle prices and arbitrage opportunities to maintain solvency and operate the soft liquidation process.

threadreaderapp.com · 3 min

TLDR Crypto

Untitled entry

The winning bid for Celsius involves creditors owed more than $5,000 becoming shareholders in a new company managed by Farenheit, which includes Celsius' DeFi crypto assets, loan portfolio, PE & VC investments, and mining assets. A small distribution of remaining liquid crypto will also be given. Those owed less than $5000 will receive 70% of their claims and no equity. This arrangement is a compromise as, while the creditors surrender their debt claims against Celsius, they gain a stake in the potentially profitable NewCo. If the NewCo isn’t successful though, creditors’ equity stakes will be wiped out.

threadreaderapp.com · 5 min

TLDR IndexPage 5