• 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

Market Risks Persist as DePIN Sector Grows

chest

The DePIN sector is experiencing growth, but market risks remain high due to broader economic conditions.

user avatarKofi Adjeman

Virtual Protocol and Akash Network Expand AI Agent and Compute Capabilities

chest

Virtual Protocol and Akash Network have achieved significant milestones in AI agent deployment and cloud compute capacity.

user avatarNguyen Van Long

Internet Computer and Chainlink Drive AI and Oracle Innovations

chest

Recent developments from Internet Computer and Chainlink highlight significant advancements in AI and oracle technologies, including reduced inflation and enhanced support for decentralized applications.

user avatarSatoshi Nakamura

APEMARS Introduces Urgency with Ticking Mechanism

chest

APEMARS has implemented a ticking mechanism that creates urgency for investors as tokens sell out quickly.

user avatarRajesh Kumar

APEMARS Implements Token Burns and Referral Rewards

chest

APEMARS has introduced token burns and a referral rewards system to enhance community engagement and value.

user avatarJesper Sørensen

Iran War Drives Up Borrowing Costs and Inflation

chest

The ongoing conflict in Iran has led to a significant increase in borrowing costs for US consumers, with rising mortgage rates and inflation pressures.

user avatarLucas Weissmann

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.