Curve DAO selects yRisk as new risk provider for crvUSD and Llamalend

Curve DAO just handed the keys to its risk management operation to a team of two people. yRisk, a small automation-first outfit, has been formally appointed as the new risk assessment and market monitoring provider for both crvUSD mint markets and Llamalend isolated markets. The preference vote wasn’t even close. 536.9 million CRV tokens backed yRisk in what amounted to a unanimous endorsement from Curve’s governance participants. A binding funding vote followed, closing around September 2, 2026, to finalize the mandate. Out with LlamaRisk, in with yRisk The transition comes after LlamaRisk, Curve’s primary external risk provider since 2021, wrapped up its mandate on June 30, 2026. LlamaRisk returned unvested crvUSD to the Curve treasury upon departure and has since shifted its focus exclusively to Aave. yRisk’s scope covers a wide mandate: collateral evaluations, parameter monitoring, alerts during periods of market stress, and biannual public health updates on the protocol’s lending markets. Why the timing matters: Llamalend v2 This isn’t just a routine vendor swap. Curve is in the middle of a significant infrastructure upgrade with the launch of Llamalend v2, which went live on ...