More Convenience for Your Llamalend Positions

Saint Rat -

The Curve team has released @LlamalendMonitorBot. This new Telegram bot helps users track and monitor loan positions across Llamalend's lending and crvUSD markets on all networks.

Key Features

The Llamalend Monitor offers several essential functions for borrowers and market observers:

  • Multi-Address Monitoring: Users can track multiple wallet addresses simultaneously.
  • Cross-Chain Coverage: Monitors positions across all of Llamalend's current networks (Ethereum, Arbitrum, Fraxtal, and Optimism).
  • Automated Health Checks: Performs regular position checks every 5–10 minutes.
  • Prompt Alerts: Notifies users when a loan enters liquidation protection (soft-liquidation) or becomes eligible for liquidation (hard-liquidation).
  • On-Demand Information: Provides current on-chain data for monitored positions.

Health Status Tracking

When using Llamalend to borrow, health monitoring is critical—if it reaches 0, the position will be liquidated.
The bot helps users monitor health through four distinct loan states:

  • ✅ Healthy: The position maintains adequate collateralization.
  • ℹ️ Liquidation protection (Soft-liquidation): The position requires monitoring; collateral is being actively converted to protect the borrower.
  • ⚠️ Liquidation (Hard-liquidation): The position is eligible for liquidation
  • 🔒 Closed: The position has been closed, either by the user or through liquidation.

After each health check, users receive immediate notifications when monitored positions transition between states, allowing for quick risk management decisions.

Use Cases

The bot serves diverse DeFi user needs:

  • Individual users: Keep track of personal loans and receive timely alerts without constant manual monitoring.
  • Professionals: Monitor multiple leveraged positions across networks from a single interface, enabling quick responses to market movements and streamlining risk management.
  • Research analysts: Follow significant public wallets to understand market trends and whale movements.

Privacy & Transparency

The Llamalend Monitor Bot adheres to Curve's core principles of user privacy and code transparency:

  • Privacy-Focused: Only processes monitored addresses and position data, with no wallet connection required. Users maintain full control and can delete their data at any time.
  • Open Source: The source code is available on GitHub: https://github.com/curvefi/llamalend-telegram-bot

Getting Started

Users can begin monitoring positions by starting a conversation with @LlamalendMonitorBot on Telegram and using these simple commands:

  • /add 0xADDRESS: Begin monitoring a specific address.
  • /remove 0xADDRESS: Stop monitoring an address.
  • /list: View all monitored addresses.
  • /view: Check current loan information for all tracked addresses.
  • /help: Show all available commands.

This new tool represents Curve's ongoing commitment to providing robust infrastructure for DeFi users, enabling more effective risk management and position monitoring for Llamalend users.