Curve community votes to “increase borrowing rate multiplier to maintain crvUSD peg” proposal
Curve Community has voted to approve the proposal of "increasing the borrowing rate multiplier to maintain crvUSD anchoring", with a final support rate of 100%. The proposal suggests adjusting the pledged ETH interest rate to 15%, and the non-pledged ETH and BTC interest rates to 11%, so that the interest rate differential between the two is approximately equal to the Ethereum pledge APR, which will 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
NFTScan Joins Conduit Marketplace to Expand NFT Data Access Across 20+ Blockchains
Shibarium Daily Transactions Drop 99%: Details
US Officials Allegedly Don’t Know How Much Bitcoin They Hold – Here’s More Allegations of Mismanagement
It is alleged that US authorities do not know the amount of cryptocurrencies they have seized so far and obtained through forks.
Bittensor (TAO) Poised for 125% Surge, Says Popular Analyst

Trending news
MoreCrypto prices
More








