April 10, 2024: A Borrower and Lender was I π¦π§
Lessons from testing Llama Lend soft-liquidation in the wild
Since it launched, we were among the earliest cohort to YOLO into Llama Lend. We tested nearly every facet of Llama Lend: both a borrower and a lender βtwas I.
In particular, we willingly plunged a loan into soft liquidation, a feature weβd been previously too risk averse to ever test out.
The takeaways have been strongly positive. It is very little surprise that the new product is closing in on $50MM TVL.
Soft liquidation is a very friendly experience, per the rubric:
For those who donβt want to subscribe, a few of our overall takeaways are included in this π thread on the subjectβ¦ please help us by sharing it!
Far more gory details for subscribersβ¦