Llamalend is the most interesting lending protocol. Nobody talks about it enough. @CurveFinance built something genuinely different here. @llamalend 's core mechanic: liquidations aren't forced events. They happen gradually inside a price range you define. > Say you deposit ETH and set your liquidation band between $1,500 and $1,000. As price falls through that range, your collateral gets sold incrementally to repay debt. > And if ETH recovers above your range, the process reverses; the collateral that was being sold gets effectively rebought. That's a completely different from every other lending protocol. My issue with where they're at right now is borrow APR volatility. And there's too much gap between what you pay in the CDP format versus the money market. Btw, when those rates compress and start competing continuously against @aave and @Morpho, I think the range liquidation mechanic alone is enough to pull big capital over.