DAO Victim Compensation Update
DAO Victim Compensation Update
The recent vote in the Curve community has resulted in significant compensation for DAO victims. Approximately $7.2M worth of ETH has been recovered by whitehats and distributed to the DAO, along with $42M worth of CRV to compensate for unrecovered parts. Additionally, other whitehat-recovered funds have been distributed prior to the vote.
Just wanted to emphasize the scale of this. Victims are made whole with this vote with: - $7.2M worth of ETH recovered by whitehats to the DAO being distributed - $42M worth of CRV compensating unrecovered parts (vested) - Other whitehat-recovered funds distributed before vote
Vote is executed! Please go and check curve.fi/#/ethereum/com… if you were in the 4 pools affected by the Vyper hack!
Merkl Incentives Added to Curve crvUSD/pyUSD Pool with Counter-Cyclical Rewards
Merkl incentives have been deployed for the crvUSD/pyUSD pool on Curve Finance. The incentive structure applies to both staked and unstaked positions. **Key Details:** - Pool link: [Curve crvUSD/pyUSD](https://www.curve.finance/dex/ethereum/pools/0x625E92624Bc2D88619ACCc1788365A69767f6200/deposit) - Incentives increase in value during bearish market conditions - Counter-cyclical reward mechanism designed to maintain liquidity during downturns This marks continued support for the pool, which previously received incentives in February 2026.
Curve DAO Receives High-Quality Risk Assessment Proposals from Experienced Teams
Curve Finance has concluded its call for proposals for risk assessment and market monitoring services. The DAO received multiple submissions that exceeded expectations in quality and expertise. **Key Points:** - Strong, experienced teams submitted proposals - Proposals will be funded through DAO grants - Next steps available on [governance forum](http://gov.curve.finance/t/call-for-proposals-curve-risk-assessment-and-market-monitoring/11106/12) The initiative aims to strengthen Curve's risk management framework through professional monitoring services. Community members can review the proposals and participate in the selection process through the official governance channels.
Llamalend V2 Launches First Markets on Ethereum with sDOLA and sfrxUSD
Llamalend V2 has officially launched its first two markets on Ethereum, featuring **sDOLA** from Inverse Finance and **sfrxUSD** from Frax Finance. The platform enables users to lend, borrow, or boost yields through these initial markets. This follows governance approval earlier in July. **Key features of Llamalend V2:** - Isolated lending markets - Flexible asset pairings - Support for Curve LP tokens as collateral - Closer integration with Curve liquidity Additional markets will be rolled out gradually through Curve's governance process. [Access the markets](https://www.curve.finance/llamalend/ethereum/markets?version=v2&chain=ethereum)
🦙 Curve Launches LlamaLend V2 on Optimism with OP Rewards
Curve Finance has launched **LlamaLend V2** on Optimism, introducing a new lending framework built around Curve liquidity. **Key Features:** - Use Curve LP tokens as collateral - Isolated market risk management - Improved range-based liquidations powered by LLAMMA - Enhanced market security **Incentives:** OP rewards are available for eligible positions, distributed through [Merkl](https://merkl.xyz). Users can now borrow, lend, or loop through isolated markets on [Curve's Optimism markets](https://www.curve.finance/llamalend/optimism/markets?version=v2). This launch represents Curve's continued expansion as a stablecoin infrastructure provider, now offering lending services alongside its established liquidity pools.
⚠️ Curve LPs: Remove Fantom Opera Liquidity Before June 30 Shutdown
**Urgent Action Required for Liquidity Providers** Curve pools on Fantom Opera still hold significant Total Value Locked (TVL), but time is running out. The Fantom Opera network is shutting down on **June 30, 2026 at 5:00 PM GMT**. **What You Need to Do:** - Check if you have liquidity in Curve pools on Fantom Opera - Remove all funds before the June 30 deadline - Failure to withdraw will result in **permanent loss of access** to your funds **Additional Context:** Fantom is migrating to Sonic Labs, and the original Opera network will be deprecated. This affects multiple DeFi protocols including Stargate V1. For more details on the migration: [Sonic Labs announcement](https://blog.soniclabs.com/sonics-successful-network-migration-what-this-means-for-fantom-opera/) **Act now to secure your assets.**