Kamino Finance Increases PYUSD Borrowing Limits to $20 Million

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

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

Other news

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

AnchorWatch Launches Bitcoin Custody Service in Nevada

AnchorWatch Trust Company has launched a Bitcoin custody service in Nevada, providing key control options and optional insurance.

user avatarBayarjavkhlan Ganbaatar

Blockchain Association Calls for Clearer DeFi Regulations

The Blockchain Association has called on the US Treasury to clarify regulations surrounding DeFi software and foreign stablecoin issuers under the proposed GENIUS Act.

user avatarMohamed Farouk

Cardano's Innovative Catalyst Pilot Program Emphasizes Real Adoption

Cardano has launched a pilot program under Project Catalyst, selecting 12 teams to address the issue of crypto grant funding leading to actual product usage.

user avatarElias Mukuru

Visa and Mesh Join Forces to Simplify Cryptocurrency Transactions

Visa and Mesh have partnered to enable consumers to spend cryptocurrency and stablecoins directly from wallet apps at Visa-accepting locations.

user avatarDiego Alvarez

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.