Kamino Finance Ups PYUSD Borrowing Limits
KMNO
2024
2024
USDE
ENA
- Kamino Finance raises PYUSD borrowing caps, expanding access and maintaining stable rates.
- Ethena Labs offers PYUSD borrowing at 2.07% APY, appealing to yield-focused investors.
- PYUSD pools on Kamino Finance provide APYs up to 16.42%, attracting stablecoin holders.
Kamino Finance has increased the global borrowing cap for PayPal’s stablecoin, 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.
1/ Global $PYUSD borrow caps have just been raised to $20M on Kamino — which means you can use ANY collateral assets to borrow!
— Kamino (@KaminoFinance) August 28, 2024
Significantly, the $PYUSD borrow rate is designed to remain flat regardless of borrow size — up to 80% utilizationpic.twitter.com/jiyya3WWtw
The PYUSD borrowing cap in the Ethena Labs market has also been raised to $10 million. This enables users to leverage their exposure with USDe and sUSDe. The current PYUSD borrow rate in this market sits at 2.07%, making it an a…
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