Kamino Finance Increases PYUSD Borrowing Limits to $20 Million

by Giorgi Kostiuk

2 years ago

Made with AI

Increased Borrowing Limit
Stable Borrowing Conditions
Ethena Labs Market

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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Chainlink Expands CCIP Infrastructure to Avalanche and Polygon

Chainlink has launched its CrossChain Interoperability Protocol (CCIP) on Avalanche and Polygon, enhancing crosschain token transfers.

Gustavo Mendozaan hour ago

Hyperscale Data Ceases Bitcoin Mining to Focus on AI

Hyperscale Data has ceased Bitcoin mining operations at its Michigan facility to accommodate a new AI customer, potentially generating over $12 billion in revenue.

Rajesh Kumar2 hours ago

PONS Token Surges on Robinhood Chain

The PONS token has seen a significant increase in value and market capitalization on the Robinhood Chain, with a price rise to 0.5978 and a market cap exceeding 430 million, marking a 3182% increase in just 24 hours.

Miguel Rodriguez3 hours ago

Ecb Releases New Report on Editorial Standards

The European Central Bank has published a report emphasizing its strict editorial policy that focuses on accuracy, relevance, and impartiality.

Luis Flores3 hours ago

New Report Released Based on Sec Information

A report has been generated based on the information released by Sec. This release aims to inform the public and increase awareness of the information provided.