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BTC $64,180.18 -0.08%
ETH $1,911.78 +0.08%
BNB $575.99 +1.10%
XRP $1.07 -0.86%
SOL $73.40 -0.55%
TRX $0.3273 +0.51%
DOGE $0.0698 -1.09%
ADA $0.1639 +0.36%
BCH $209.99 -1.34%
LINK $8.30 -1.11%
HYPE $53.86 -1.51%
AAVE $96.59 -1.10%
SUI $0.6877 +0.44%
XLM $0.1719 -0.46%
ZEC $475.13 +2.89%

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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