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Curve launches Llamalend v2 on Optimism with 250,000 OP grant

Curve launches Llamalend v2 on Optimism with 250,000 OP grant

The rollout begins on Optimism as Curve prepares an Ethereum mainnet launch in the second half of this year and expands lending beyond crvUSD-only borrowing with broader collateral support.

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Fact Check
Every element of the claim is corroborated by two independent crypto news sources. The Block confirms the Optimism launch, the 250,000 OP grant, the planned H2 2026 Ethereum mainnet deployment, and the expansion beyond crvUSD-only borrowing with broader collateral support. Crypto Briefing independently confirms the Optimism launch, the 250,000 OP grant, and multi-asset collateral support. No conflicting evidence was found.
    Reference: 12
Summary

Curve has launched Llamalend v2 on Optimism as the first stage of a broader upgrade to its lending protocol, with an Ethereum mainnet deployment planned for the second half of this year. The rollout is supported by a 250,000 OP token grant and introduces support for nearly any collateral-borrowed asset pair, removing the previous crvUSD-only restriction. The upgrade also adds LlamaRisk, a new system for collateral assessment and market management, and allows users to borrow against Curve LP tokens while retaining market-making exposure. The launch underscores a phased expansion of Curve’s lending business on an Ethereum layer-2 network built for lower-cost transactions before a later mainnet rollout.

Terms & Concepts
  • Llamalend v2: Curve’s upgraded lending protocol, designed to support a broader range of collateral and borrowed-asset pairs.
  • LlamaRisk: A system used to assess collateral and help manage lending markets.
  • Curve LP tokens: Liquidity provider tokens that represent a user’s share in a Curve pool.