About this explorer

LlamaLend is Curve's lending protocol, and its liquidation is a band rather than a line. Each market is isolated — one collateral token, one borrowed token — and holds its collateral in an AMM across a range of prices. When the price falls into a position's band, the AMM converts its collateral to the borrowed token continuously: soft-liquidation, a state a position lives in rather than an event that ends it.

Each row of the listing is one position — a market and a borrower — showing its collateral, its debt, and how much of the collateral currently stands converted. Or see every market and its own terms.