Curve Launches Llamalend v2 on Optimism, Plans Ethereum Mainnet Deployment

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Curve Finance has launched Llamalend v2 on Optimism, marking a key update in on-chain news. The protocol now supports nearly any collateral and loan asset combination, removing the previous crvUSD restriction. Ethereum news highlights the planned Ethereum mainnet deployment later this year. LlamaRisk will assess collateral and manage market lifecycles. Users can now use Curve LP tokens as collateral to borrow funds, improving capital efficiency.

BlockBeats report: On June 10, Curve Finance launched its lending protocol Llamalend v2 on Optimism and plans to deploy it on Ethereum mainnet in the second half of this year. Llamalend v2 removes the restriction of supporting only crvUSD, enabling nearly any combination of collateral and borrowing assets. It also introduces LlamaRisk as a market auditor responsible for evaluating new collateral and managing market lifecycles. Users can now use Curve LP tokens as collateral to borrow funds while maintaining their market-making exposure, enhancing capital efficiency.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.