• 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

a year 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

Grayscale to Launch New ETF for Binance Coin

chest

Grayscale is planning to launch a new ETF for Binance Coin (BNB), which could positively impact its price.

user avatarRajesh Kumar

Uniswap Faces Resistance Amid Selling Pressure

chest

Uniswap's UNI token struggles under significant resistance, indicating potential challenges for recovery.

user avatarEmily Carter

Market Makers and Their Role in Liquidity

chest

Market makers play a vital role in providing liquidity in cryptocurrency markets by continuously placing buy and sell orders.

user avatarLucas Weissmann

February Could Mark a Bullish Shift for Bitcoin

chest

February has historically been a bullish month for Bitcoin, with a median 7% weekly return expected, driven by corporate earnings and optimistic guidance.

user avatarFilippo Romano

BlackRock Halts Bitcoin Selloff with Significant Inflows

chest

BlackRock has paused its massive Bitcoin selloff after four consecutive days of outflows, recording an inflow of 159 million, the highest by any asset manager in the ETF market.

user avatarKaterina Papadopoulou

Bitcoin Experiences High Outflows Amid Institutional Activity

chest

Bitcoin continues to face volatility, with significant outflows from various funds totaling 146 billion or 16,300 BTC in the last 30 days. Despite this, business intelligence firm Strategy announced the purchase of an additional 2,932 BTC valued at over 264 million, offering a glimmer of hope to the market that not all institutional holders are selling off their assets.

user avatarMaya Lundqvist

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.