The problem with Curve Llamaend v1 is that it only supports crvUSD, and a large amount of liquidity cannot enter the market, such as users who do not want to exchange USDC for other stablecoins, so TVL is always stuck at around $100 million. After the launch of v2, it became a universal framework that supports any asset, while also adding support for Curve LP as collateral. It continues to focus on soft clearing, which is considered a complete version. Soft clearing is not yet familiar to many users, but I think it is a good innovation. For the market, it can basically avoid centralized chain clearing. It turns clearing into a range and breaks it down into multiple small price ranges (bands). Imagine the bands as AMMs. When entering the clearing range, each band automatically sells the collateral gradually and exchanges it for lending assets. If the price rises, the band executes in reverse, which is equivalent to exchanging your position back. So it can effectively prevent your position from being instantly destroyed and retrieve your collateral after the price rebounds, which means that you don't need to pay attention to liquidation issues most of the time. What you need to pay more attention to is costs and losses, because this soft liquidation process will inevitably be accompanied by wear and tear (such as slippage and arbitrage costs), so its borrowing costs may be higher than ordinary markets. In addition, this design uses EMA oracle instead of instantaneous spot prices, so it is more effective in the face of flash crashes and short-term extreme fluctuations, reducing Oracle risk. Overall, if this system can be effectively promoted, I think it will be liked by some users.