• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Kamino Finance Increases PYUSD Borrowing Limits to $20 Million

user avatar

by Giorgi Kostiuk

2 years ago

  1. Increased Borrowing Limit
  2. Stable Borrowing Conditions
  3. Ethena Labs Market


    4. 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.

    Global $PYUSD borrow caps have just been raised to $20M on Kamino — which means you can use ANY collateral assets to borrow!Kamino Finance (@KaminoFinance)

    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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Optimistic Analysts Suggest Dogecoin May Be Preparing for Bull Run

chest

Analyst Trader Tardigrade suggests Dogecoin may be preparing for a bull run as it retests a historical support level, indicating potential recovery and price expansion.

user avatarMaria Fernandez

NVIDIA Faces Class Action Lawsuit Over Concealed Cryptomining Sales

chest

A US federal judge has allowed a class action lawsuit against NVIDIA to proceed, alleging the company concealed over $1 billion in cryptomining-related sales.

user avatarRajesh Kumar

Binance Seeks Settlement with Nigerian Tax Authorities Over $2 Billion Claim

chest

Binance is seeking an out-of-court settlement with Nigeria's tax authorities over a $2 billion claim for unpaid taxes.

user avatarMiguel Rodriguez

BabyDoge and Dogwifhat Experience Short-Term Price Increases

chest

BabyDoge and Dogwifhat have experienced short-term price increases of 2.36% and 3.94% respectively, reflecting ongoing interest in meme coins.

user avatarLuis Flores

Massive Ethereum Purchase Linked to Bitmine

chest

An unmarked wallet acquired 10,698 million worth of Ethereum in a single transaction, potentially linked to Bitmine.

user avatarArif Mukhtar

FTC Targets Debanking Practices in Warning to Payment Processors

chest

The FTC has issued warning letters to payment processors regarding debanking practices that deny lawful customers access to financial services based on political beliefs.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.