Curve launches Llamalend v2 on Optimism, removes crvUSD pair restriction

Curve Finance (CRV) has launched Llamalend v2 on Optimism (OP) as the first step in upgrading its lending infrastructure, according to The Block. The v2 update removes the previous restriction requiring pairs to include crvUSD, allowing for the creation of lending markets with virtually any combination of collateral and borrowed assets. Notably, liquidity providers can use their Curve LP tokens as collateral, enabling them to borrow against their positions without having to exit them. For now, the Optimism market will operate with a borrowing cap of zero, permitting only deposits. A rewards campaign is scheduled to begin on June 16, following a seven-day DAO vote to establish the borrowing limits. Deployment on the Ethereum mainnet is expected in the second half of this year.