PANews reported on June 10th that Curve Finance has launched its lending protocol Llamalend v2 on Optimism as the first phase of a major upgrade, with plans to deploy it to the Ethereum mainnet in the second half of this year. Llamalend v2 removes the restriction of only supporting crvUSD, allowing for virtually any combination of collateral and lending assets, and adds LlamaRisk as the market vetting agent, responsible for evaluating new collateral and managing the market lifecycle. Users can use Curve LP tokens as collateral to lend funds while maintaining market-making exposure, improving capital efficiency. This Optimism launch received a subsidy of 250,000 OP tokens (approximately $50,000) from the Optimism Foundation, which will be used for liquidity and activity incentives over approximately two months. Initially, there is no lending cap; only lending is allowed. The lending cap will then be determined through a seven-day DAO vote, with full functionality expected to be rolled out gradually starting June 16th.
Curve launched Llamalend v2 and its first platform, Optimism, received 250,000 OP rewards.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
Related Topics
PANews App
24/7 blockchain news tracking and in-depth analysis.



