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BTC $62,775.10 -1.23%
ETH $1,874.15 -0.34%
BNB $604.11 -0.96%
XRP $1.00 -0.41%
SOL $75.45 -0.26%
TRX $0.3331 -0.13%
DOGE $0.0693 -1.08%
ADA $0.1795 -2.69%
BCH $205.25 -3.69%
LINK $8.80 +0.61%
HYPE $56.59 -1.35%
AAVE $86.52 -2.56%
SUI $0.6760 -1.66%
XLM $0.1587 -1.24%
ZEC $486.75 -1.41%

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

2023-11-28 15:31:34

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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