When borrowing on Curve, you can remain under liquidation price for as long as you like, or even can be fine and not liquidated if price went to zero: there is no price for hard liquidation!
But there's a caveat. Under liquidation price you experience fast losses which you need to repay from time to time, keeping your health at least a few % for safety. And this is how you can survive dips not losing much!
Daily reminder that you can borrow on http://crvusd.curve.fi almost for free today and enjoy protection from liquidations in turbulent times of Strategic Reserve announcements
It appears that ve-locks are about 3 times more effective than buyback-and-burn at removing circulating supply, based on the data we have over more than 4 years.
Tired of winning yet? Votes for @EtherFi weETH, @coinbase cbBTC and @Lombard_Finance LBTC markets to mint crvUSD have arrived!
The code has the newest goodness which allows for much smaller slippages when leveraging, specifying additional health to have and approving other smart contracts to manage your position are there
This user borrowed near-max 230 days ago and left via ThorChain with what he borrowed (no interactions after that). crvUSD system held the line for the guy for all that time, but finally it came to hard liquidation time
A talk about yield-bearing stablecoins is given by @CurveCap at @stable_summit. Those who are not there can listen it online in 10 minutes (10.50AM Denver time):