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ETH $1,661.98 -0.87%
BNB $605.94 -0.34%
XRP $1.12 -1.09%
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BCH $201.73 -2.72%
LINK $7.83 -2.30%
HYPE $60.13 +0.93%
AAVE $65.48 -1.42%
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XLM $0.1823 -3.08%
ZEC $422.94 +1.95%

The Curve community voted to approve the proposal "Increase the borrowing rate multiplier to maintain crvUSD peg."

2023-11-28 15:31:34
Collection

ChainCatcher message, the Curve community has voted to approve the proposal "Increase Borrowing Rate Multiplier to Maintain crvUSD Peg" with a support rate of 100%.

The proposal adjusts the staking ETH interest rate to 15% and the native ETH interest rate to 11%, so that the spread between the two is approximately equal to the Ethereum staking APR, encouraging the market to actively repay loans.

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