DeFi-protocol Curve Finance rolled out the second version of the LlamaLend drag platform on L2 network Optimism, setting the stage for scaling up infrastructure before launching in Ethereum’s intranet scheduled for the second half of 2026. The Optimism Foundation has supported the initiative with a grant of 250,000 OP (about $50,000) to boost liquidity and user activity over the next two months.

The key update to V2 was the elimination of the crvUSD stablebake requirement for credit pairs: users can now create markets with virtually any combination of assets, and use Pendle’s LP tokens and PT tokens as collateral. Founder of Curve Mikhail Egorov noted that the protocol has become significantly more convenient for large players. An important change is the introduction of a market manager, LlamaRisk, which will conduct quality assessments of collateral assets instead of open pools, thereby reducing systemic risk.

At the launch stage, Optimism has a zero-limit on loans - users can only place deposits. The full launch of credit markets and the start of reward distribution are expected on June 16 after the completion of the seven-day Curve DAO vote. Earlier, in April, Yegorov had already presented a solution to the problem of "bad" debts, proposing to turn deficit positions into traded investment instruments.