Curve Finance Launches Llamalend V2 on Ethereum with sfrxUSD Collateral
Curve Finance Launches Llamalend V2 on Ethereum with sfrxUSD Collateral
🦙 Llamalend V2 drops
Curve Finance has launched Llamalend V2 on Ethereum, featuring sfrxUSD as the initial collateral option.
Key Details:
- sfrxUSD is designed to offer high risk-adjusted yields in DeFi
- The asset is optimized for looping strategies
- Launch represents continued partnership between Curve Finance and Frax
The deployment marks the next evolution of Curve's lending platform, with sfrxUSD joining sDOLA as available collateral options. Users can now lend, borrow, or leverage yields through the new markets at curve.finance/llamalend.
Llamalend V2 from @CurveFinance is now live on Ethereum, with sfrxUSD as day-one collateral🥳 sfrxUSD is built to provide DeFi's highest risk-adjusted yield, perfect for looping. We look forward to growing this market with our long-term partners at Curve and our frxUSD LPs.
The first Llamalend V2 markets are now live on Ethereum: sDOLA by @InverseFinance sfrxUSD by @fraxfinance Lend, borrow, or boost your yields → curve.finance/llamalend/ethe…
Llamalend v2, from our close partners @CurveFinance, is coming to Ethereum. You can bet our high-performance assets will play an important role.
Llamalend v2 is coming to Ethereum. It brings lending closer to Curve liquidity, with isolated markets, flexible asset pairings and support for Curve LP tokens as collateral. The first markets will roll out gradually through Curve governance. news.curve.finance/llamalend-v2-i…
Frax Eliminates Single Point of Failure with Multi-Router Swap System
Frax has rebuilt its swap routing infrastructure to eliminate dependency on any single router. The new system queries multiple decentralized exchange aggregators - LiFi Protocol and Kyber Network - and automatically executes the best available quote. **Key improvements:** - No single point of failure in routing - Automatic best-price execution across multiple sources - Zero user action required - Seamless transition for existing users The announcement comes with acknowledgment to the Odos team, which previously provided routing technology for Frax. The new multi-router approach ensures continued service reliability and optimal pricing for users on the Fraxtal network.
🌍 Non-USD Stablecoins Gain Traction as FX Markets Move Onchain
CoinGecko published an analysis by IQ Protocol examining the growth of non-USD stablecoins and their role in onchain foreign exchange markets. The piece highlights how local currency stablecoins are connecting to established liquidity pools, with examples like KrwqCash (Korean won-pegged stablecoin) integrating into the ecosystem. **Key developments:** - Non-USD stablecoins are expanding beyond dollar-denominated assets - Local currency tokens are bridging traditional FX markets with blockchain infrastructure - These stablecoins are accessing deep liquidity pools for trading and settlement The analysis suggests foreign exchange activity is gradually migrating onchain, with stablecoins representing various national currencies creating new trading pairs and liquidity opportunities. This development could reshape how cross-border currency exchange operates by leveraging blockchain's 24/7 settlement and transparency.
Frax Assets Join Resupply Summer Campaign
Frax assets are participating in an upcoming Resupply Summer campaign. The initiative is described as having a productive outlook, though specific details about the campaign's mechanics or rewards have not been disclosed. This follows previous summer-themed campaigns from the protocol, suggesting a seasonal pattern of user engagement activities.
frxUSD Trading Volume Hits $1B Milestone as Market Volatility Drives Record Activity
**frxUSD PegKeeper has crossed $1 billion in total trading volume**, with June 2026 positioned to become a record-breaking month driven by increased market volatility. **Key highlights:** - Top performing pools include Curve Finance's crvUSD and Metronome's msUSD - 17 protocols now use frxUSD as their default stablecoin pairing - PegKeeper pools have generated over $500M in trading volume over the past four months - Monthly volume previously reached an all-time high of nearly $200M in March 2026 The surge reflects growing institutional trust in frxUSD as a reliable stable pair for DeFi protocols, particularly during periods of heightened market activity.