Kamino Finance

2024

USDe

Ethena

<ul class="wp-block-list news-points"> 
 <li><strong>Kamino Finance raises PYUSD borrowing caps, expanding access and maintaining stable rates.</strong></li> 
 <li><strong>Ethena Labs offers PYUSD borrowing at 2.07% APY, appealing to yield-focused investors.</strong></li> 
 <li><strong>PYUSD pools on Kamino Finance provide APYs up to 16.42%, attracting stablecoin holders.</strong></li> 
</ul> 
<p>Kamino Finance has increased the global borrowing cap for <a href="https://coinedition.com/crypto-experts-raise-flags-is-paypals-pyusd-stablecoin-truly-trustworthy/">PayPal’s stablecoin</a>, PYUSD to $20 million. This expansion allows users to borrow PYUSD by using any collateral asset they hold on the platform. Notably, the PYUSD borrow rate remains consistent, even at a utilization rate of 80%. This provides a stable borrowing environment regardless of the loan amount.</p> 
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   <p lang="en" dir="ltr">1/ Global <a href="https://twitter.com/search?q=%24PYUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PYUSD</a> borrow caps have just been raised to $20M on Kamino — which means you can use ANY collateral assets to borrow!<br><br>Significantly, the <a href="https://twitter.com/search?q=%24PYUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PYUSD</a> borrow rate is designed to remain flat regardless of borrow size — up to 80% utilization<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/jiyya3WWtw" target="_blank" rel="nofollow">pic.twitter.com/jiyya3WWtw</a></p>— Kamino (@KaminoFinance) <a href="https://twitter.com/KaminoFinance/status/1828849512951005530?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 28, 2024</a>
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<p>The PYUSD borrowing cap in the Ethena Labs market has also been raised to $10 million. This enables users to leverage their exposure with <a href="https://coinedition.com/real-time-risk-monitor-for-ethena-usde-stablecoin-now-live/">USDe</a> and sUSDe. The current PYUSD borrow rate in this market sits at 2.07%, making it an a…</p>
<p>The post <a href="https://coinedition.com/kamino-finance-ups-pyusd-borrowing-limits/">Kamino Finance Ups PYUSD Borrowing Limits</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Kamino Finance Ups PYUSD Borrowing Limits

Coin Edition

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