Curve enables borrowing against LP tokens for the first time

Curve Finance announced the first-ever borrowing against a Curve pool LP token on Curve. Users can now put the reUSD/sfrxUSD LP token up as collateral on Llamalend to borrow crvUSD, while continuing to earn CRV emissions and trading fees on the position.

• Market is the first to accept a Curve LP position as borrow collateral on the platform
• LP holders keep yield from the pool while accessing crvUSD loans
• Curve framed the launch as the arrival of "productive LP tokens"