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Curve Finance has deployed the second version of its Llamalend lending protocol on Optimism, the Ethereum layer-2 network, with the launch backed by a grant of 250,000 OP tokens from the Optimism ecosystem.
The upgrade breaks Llamalend out of its original single-asset design, opening the door to markets built around multiple collateral and borrowing assets — a structural shift that goes beyond the protocol's earlier focus on Curve's own crvUSD stablecoin.
What the Protocol Actually Changed The original Llamalend was architected around crvUSD: borrow against it, or borrow using it. Version two removes that constraint.
Markets can now be constructed with different assets on both sides of the lending relationship — collateral in, borrowed asset out — without either leg being crvUSD. That's a meaningful mechanical expansion.
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