Curve community launches proposal vote to “increase borrowing rate multiplier to maintain crvUSD peg”
Odaily Planet Daily News Official Page shows that the Curve community has initiated a proposal to "increase the borrowing interest rate multiplier to maintain crvUSD anchoring". The vote is now open and will end on November 28th.
The proposal suggests adjusting the interest rate for pledged ETH to 15%, and for non-pledged ETH and BTC to 11%, so that the interest rate differential between the two is approximately equal to the Ethereum pledged APR, and to encourage the market to actively repay loans.
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
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Trending news
MoreCrypto prices
More
