The Curve team has proposed a change to the interest rate parameters of its LlamaLend lending platform on the Ethereum network. The proposed changes include interest rates for the WETH and tBTC markets ranging from a minimum of 0.5% to a maximum of 25%, interest rates for wstETH ranging from 1% to 30%, and interest rates for CRV ranging from 3% to 60%. The proposal aims to make the borrowing rate at approximately 80% utilization roughly equal to the current market rate.

According to official sources, the Curve Finance lending platform LlamaLend has now launched on the Arbitrum network.

LLAMMA's Soft Liquidation Mechanism Reshaping DeFi Lending, Curve Lending is a decentralized, non-custodial lending and borrowing platform built on the Ethereum blockchain. It leverages the existing infrastructure and mechanisms of Curve Finance, particularly the crvUSD stablecoin system and the LLAMMA (Lending-Liquidating AMM) algorithm. The platform allows users to create permissionless lending pools for supported asset pairs, with crvUSD initially serving as the primary collateral or borrowed token. As of mid-March 2024, the platform soft-launched with support for CRV, WETH, tBTC, and wstETH as initial markets, and plans to expand to other assets. New markets may be added permissionlessly.

Blockchain analyst Yu Jin wrote that a whale who bought the second largest amount of CRV from Curve founder Michael Egorov through OTC (7 million US dollars for 17.5 million CRV) transferred 5 million CRV (3 million US dollars) to Binance 1.5 hours ago, becoming the fourth OTC buyer to transfer/sell CRV. Of the 17.5 million CRV he bought through OTC, 12.5 million are locked in Curve through two addresses, while the remaining 5 million have been transferred to Binance.

Curve has stated on the X platform that the lending contract has been deployed and there may be some liquidity entering before the UI is officially launched. Curve also emphasizes that the lending platform has not yet been officially launched, but users can already deposit or borrow through the contract.

Researcher 0xLoki warns that Michael Egorov, the founder of Curve, is facing liquidation risk again for his CRV debt vault. He borrowed over $54 million across six lending platforms, with the collateral and remaining assets mainly being Curve. The safety factors of the six debt vaults are between 1.29-2.29. If the CRV price drops another 23%, or 0.36U, it will trigger liquidation. Among them, the lowest safety factor is in Frax Lending, with a current borrowing interest rate of 35%. If the utilization rate continues to increase, Frax Lending may once again open up high-interest loan mode, accelerating the occurrence of liquidation. In this loan, Michael mortgaged 39 million CRV and borrowed 17 million Frax, with the past 24-hour CRV trading rate on Binance being 10.9 million.

Curve Finance announced on social media that a two-month distribution proposal is about to be launched. 3.5 million ARB tokens sound exciting, but we will not invest all at once. Instead, we will continue to invest in a linear manner for two months.

ZetaChain, an EVM-compatible L1 project, announced on X platform that Curve Finance will integrate with ZetaChain to provide native BTC support for cross-chain exchanges and full-chain asset pools.

Curve is represented on X, the crvUSD pool has been launched on Arbitrum, and Gauge voting is in progress.

According to Lookonchain monitoring, Curve founder Michael Egorov deposited 18.5 million CRV into Binance half an hour ago, worth approximately $11.4 million.

The proposal from the Aave community to transfer approximately 6.11 million CRV positions from the Ethereum mainnet collector to GLC Safe has been unanimously approved. The specific details include: transferring all available CRV from Aave's mainnet treasury to GHO Liquidity Committee (GLC) SAFE and deploying it to sdCRV. After implementing this AIP, CRV will be withdrawn from Aave protocol (V2 and V3) on the Ethereum mainnet and all new available CRV will be transferred to GLC SAFE.

On December 22, Curve Finance announced that the voting results for the Vyper security incident fund recovery have been executed, covering all affected users. The specific compensation includes: distribution of the 7.2 million USD worth of ETH recovered by white hat hackers to the DAO; compensation of the unrecovered portion of the 42 million USD worth of CRV; and recovery of funds from other white hat hackers who received them prior to the vote.

On December 13th, the Curve ecological liquidity platform, Conic Finance, announced its plan to deploy its upgraded version (v2) on Tuesday.

Curve Finance announced that its stablecoin cryUSD has re-anchored its price. This is the first time cryUSD has re-anchored to $1 since it became unanchored in early November.

On December 5th, Convex Finance initiated a community proposal vote to add liquidity pools for PayPal's stablecoin PYUSD and USDC on Curve. The vote will end on December 8th and currently has a 100% approval rate.

Curve Community has voted to approve the proposal of "increasing the borrowing rate multiplier to maintain crvUSD anchoring", with a final support rate of 100%. The proposal suggests adjusting the pledged ETH interest rate to 15%, and the non-pledged ETH and BTC interest rates to 11%, so that the interest rate differential between the two is approximately equal to the Ethereum pledge APR, which will encourage the market to actively repay loans.

DeFi risk manager Gauntlet has proposed to restart Aave v3 CRV lending on ETH/Polygon in the Aave community. The motivation for the proposal is due to the large number of CRV positions on Aave v2 during the Vyper vulnerability exploit. As a result, Ethereum and Polygon v3 disabled CRV lending, hoping to reduce the downward trend in CRV prices. Currently, most high-risk CRV positions have left, so Gauntlet proposes to restart CRV lending. The proposal will end at 04:07 on November 25th Beijing time. As of now, the required number of votes has been reached, and the approval rate is 99.98%.

Odaily Planet Daily News Official Page shows that the Curve community has initiated a proposal to "increase the borrowing interest rate multiplier to maintain crvUSD anchoring". The vote is now open and will end on November 28th.

Curve Finance announced on X platform that a new stableswap-ng pool has been launched with the following features:

CRV Pledge and Liquidity Mining One-Stop Platform Convex has supported the pledge of PRISMA tokens. Users can pledge PRISMA to the PRISMA+cvxPrisma liquidity pool on Convex to earn rewards.