Curve Launches Llamalend v2 on Optimism with 250,000 OP Incentives

ChainCatcher report, according to The Block, Curve Finance has launched its lending protocol Llamalend v2 on Optimism as the first phase of a major upgrade, with plans to deploy to Ethereum mainnet in the second half of this year. Llamalend v2 removes the previous 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 lifecycle. Users can now use Curve LP tokens as collateral to borrow funds while maintaining their market-making exposure, improving capital efficiency. The launch on Optimism is supported by a subsidy of 250,000 OP (approximately $50,000) from the Optimism Foundation, which will be used over approximately two months for liquidity and activity incentives. Initially, borrowing limits are set to zero, with lending only enabled; borrowing limits will be determined through a seven-day DAO vote, with full functionality expected to roll out gradually starting June 16.