Nikolas Sargeant
The Curve Finance team announced via X on Wednesday that Llamalend v2 is now live on Ethereum, following its first production rollout on Optimism.
The upgrade brings Curve’s liquidity and lending layers much closer together. A Curve pool can support secondary trading, oracle pricing and the routes needed to manage liquidations, while Llamalend adds borrowing and lending around that same onchain liquidity.
The DEX pool and lending market can be built as parts of one market rather than two disconnected tracks.
V2 also expands Curve lending beyond markets that require crvUSD on one side. It supports a wider range of borrowed assets and collateral types, including supported Curve LP tokens, allowing liquidity positions to be used as collateral. Every market remains isolated with its own oracle, parameters, and caps.
Each market will launch with its borrow cap set to zero. Users will be able to supply assets, but borrowing will only open once the Curve DAO approves the initial caps. Curve governance proposals take approximately seven days from creation to execution.
Base lending interest depends on utilization, so suppliers should not expect interest from borrowers until the caps are enabled. Any separate incentives will be displayed in the Curve interface.
Curve Finance is an exchange liquidity pool on Ethereum that is designed for efficient stablecoin trading.
Curve DEX is a decentralized exchange best suited for stablecoins and pegged assets that uses an automated market maker (AMM) to manage liquidity. crvUSD decentralized stablecoin issuance app allows you to borrow stablecoin against secure assets such as ETH and BTC with collateral liquidation protection.
Curve Lend's borrowing platform operates as isolated markets where you can borrow crvUSD against other assets, or lend crvUSD at interest. It uses the same LLAMMA Lend engine as crvUSD. Savings crvUSD is a decentralized stablecoin with embedded yield.
Curve has gained considerable attention by following its remit as an AMM specifically for stablecoin trading.
The launch of the DAO and CRV token brought in further profitability, given CRV’s use for governance, as it is awarded to users based on liquidity commitment and length of ownership.
CRV is down 3.6% in the last 24 hours and now trades at $0.2133 per coin.
