In a decisive move, the Curve community has overwhelmingly approved a proposal to increase the borrowing rate multiplier, ensuring the stability of the crvUSD stablecoin. With a unanimous 100% support rate, the proposal aims to maintain the crvUSD peg by adjusting the staked ETH interest rate to 15% and the native ETH interest rate to 11%. This strategic adjustment will align the spread with the Ethereum staking APR, incentivizing the market to actively repay loans and maintain the stability of the crvUSD peg. This decision underscores the Curve community's commitment to safeguarding the integrity of the crvUSD stablecoin and fostering a robust DeFi ecosystem.

#BinanceTournament #USTC #JTO #Cosmos