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
MicroStrategy wipes $30B in biggest 4-day drop amid Bitcoin correction
Ethereum Targetting $6000 While ETH Whales Accumulate These 2 Altcoins With 50x Potential
On-Chain Data Suggests Emerging Altcoin Could Surpass Cardano (ADA) and Shiba Inu (SHIB) Trajectory
A smart money address bought UBC with 40 SOL yesterday and now has a floating profit of $990,000