Llamalend V2 launches on Ethereum with sfrxUSD and sDOLA as day-one collateral options.
DeFi & Yields ·
Llamalend V2 has launched on Ethereum with two collateral assets available on day one: sfrxUSD and sDOLA. The latter is issued by InverseFinance, while sfrxUSD comes from Fraxfinance and is designed to deliver what the projects describe as DeFi's highest risk-adjusted yield, particularly suited for yield-looping strategies.
The rollout represents a new iteration of Curve Finance's lending protocol. Users can now lend, borrow, or employ yield-boosting strategies through the Llamalend interface on Ethereum. Fraxfinance framed the launch as a collaboration between the two protocols and their liquidity provider base.
It remains unclear whether additional collateral assets or blockchain deployments are planned for Llamalend V2 in the near term, or what uptake the markets may see in their early days.