Kamino Finance has announced an increase in the global borrowing cap for PYUSD to $20 million, allowing users to borrow PYUSD using any collateral asset on the platform. This increase is accompanied by stable borrowing conditions.
Increased Borrowing Limit
Kamino Finance has raised the global borrowing cap for PYUSD to $20 million. This allows users to borrow PYUSD using any collateral asset they hold on the platform.
Stable Borrowing Conditions
PYUSD borrowing on the Kamino platform remains stable even at a utilization rate of up to 80%, ensuring a stable borrowing environment regardless of the loan amount.
Ethena Labs Market
The PYUSD borrowing cap in the Ethena Labs market has also been raised to $10 million, allowing users to leverage their exposure with USDe and sUSDe. The current PYUSD borrow rate in this market sits at 2.07%.
The expansion of borrowing caps on the Kamino Finance and Ethena Labs platforms provides users with more borrowing opportunities while maintaining stable and favorable conditions.
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