Curve DAO approves raising YieldBasis's crvUSD credit limit to 1 billion USD
ChainCatcher News, Curve DAO announced that it has approved raising YieldBasis's crvUSD credit limit from $300 million to $1 billion. This is the maximum credit limit, but it is not allocated immediately; its usage will gradually expand as crvUSD liquidity increases.
Curve sets the overall credit limit, while YieldBasis must raise the cap for each YB market within this limit through its own governance voting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain whale address panic sold 3,296 ETH in the early hours today.
A new wallet possibly belonging to Bitmine received nearly 15,000 ETH worth $48.42 million from BitGo.
Delphi Digital: If BTC can hold the $90,000 to $110,000 range, a rebound is expected by the end of the year.
Trending news
MoreCrypto prices
More
