Curve DAO approves yRisk as crvUSD risk provider with 621 million veCRV votes

  • Curve DAO approved yRisk as risk provider for crvUSD and Llamalend.
  • 621,165,847.95 veCRV supported Proposal 1492, versus 5.33 against.
  • yRisk's two developers also led Resupply, which lost about $9.6 million in June 2025.

Curve DAO appointed the two-person yRisk team of Wavey and Dudesahn as risk-management provider for crvUSD mint markets and Llamalend isolated markets on Sept. 2, 2026, replacing LlamaRisk after that firm ended its mandate on June 30. A binding vote closed with 621,165,847.95 veCRV in favor and 5.33 against, and the proposal executed about 87 minutes later; an earlier non-binding preference vote had drawn roughly 536.97 million veCRV support. yRisk will review collateral, liquidity, oracle design, concentration and governance risks, recommend debt ceilings, market parameters and PegKeeper limits, and build public dashboards, alerts and automated analysis tools under a generally open-source approach, while Curve governance retains final authority. Compensation is two revocable one-year streams of 125,000 frxUSD held in sfrxUSD and 568,181 CRV, about a $250,000 annual budget. Both contributors are primary Resupply developers; that protocol lost about $9.6 million in a June 2025 donation attack, a fact omitted from the proposal and bid comparison. Swiss Stake flagged capacity risk for a two-person team and urged a limited mandate with a public review checkpoint. The hire coincides with Llamalend v2 expansion on Optimism and follows a March oracle misconfiguration that enabled roughly $240,000 in losses from an sDOLA-crvUSD pool.

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