• 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

Revised Editorial Guidelines Target Improved Content Quality.

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in content.

user avatarKenji Takahashi

New Editorial Policy Launched to Ensure Content Quality

chest

A new editorial policy has been established to enhance the quality of content.

user avatarMaria Fernandez

Challenges for Shiba Inu to Reach 1 Price Level

chest

Experts discuss the improbability of Shiba Inu SHIB reaching the 1 price level due to its high supply and market cap implications.

user avatarRajesh Kumar

Shiba Inu SHIB Faces Challenges in Regaining Popularity

chest

Shiba Inu SHIB has faced a significant decline in value since its peak in 2021, primarily due to the high supply of SHIB coins, which stands at about 589 trillion. The challenges of reducing supply and boosting demand remain substantial.

user avatarGustavo Mendoza

Robinhood Expands into Stablecoin Yield with New Earn Structure

chest

Robinhood has launched a new Earn structure offering a 7% APY tied to USDG, entering the stablecoin yield market to attract users and enhance engagement.

user avatarMiguel Rodriguez

MEXC Reports Surge in Demand for SpaceX-linked Derivative Products

chest

MEXC reports a significant increase in trading demand for its derivative products linked to SpaceX, highlighting a trend in crypto exchanges offering synthetic exposure to private assets.

user avatarLuis Flores

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.