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ETH $2,117.05 +2.01%
BNB $660.54 +1.10%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
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DOGE $0.0974 -3.83%
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BCH $467.27 +1.38%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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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