Curve July recap: Llamalend V2 hits Ethereum mainnet

Curve's July 2026 recap highlights Llamalend V2 reaching Ethereum mainnet, a big step for its lending stack. Average crvUSD borrow rates fell by nearly two-thirds over the month, and borrower-minted crvUSD grew 29%. The figures point to deeper lending activity and cheaper borrowing as the new Llamalend architecture expands beyond its earlier deployments.