Curve launched Llamalend v2, the first station online on Optimism, receiving 250,000 OP incentives

According to The Block, Curve Finance has launched the lending protocol Llamalend v2 on Optimism as the first phase of its 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 almost any collateral to be combined with lending assets, and introduces LlamaRisk as the market auditor responsible for evaluating new collateral and managing the market lifecycle.

Users can use Curve LP tokens as collateral, allowing them to lend funds while maintaining market-making exposure, thereby improving capital efficiency. The launch on Optimism received a subsidy of 250,000 OP (approximately $50,000) provided by the Optimism Foundation, which will be used for liquidity and activity incentives over the next two months. Initially, the lending limit will be zero, only allowing for lending, and the lending limit will be determined through a seven-day DAO vote, with full functionality expected to gradually open from June 16.