All tokens pools at 50% utilization – meaning half of user-supplied tokens are being lent out – would offer 1.8% interest under the proposal, an increase from the existing rate of zero. That utilization level is also lower than the current 70% at which effective interest rates increase or decrease based on how strained a pool has become.
Related posts
-
Japan’s DMM Bitcoin Exchange Will Transfer Customer Assets to SBI VC Trade by March 2025
Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24 Executive Interview with Nadia Edwards-Dashti |... -
Ripple’s Stablecoin Hits Singapore – Regulated Exchange Brings RLUSD to Transform Markets
Ripple’s USD-backed stablecoin, Ripple USD, debuts in Singapore on regulated exchange Independent Reserve, unlocking faster, cost-efficient... -
Crypto Shake-Up: Bitcoin ETFs Plummet as Ether Funds Surge Ahead
On Christmas Eve, the 12 spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $338.38 million, while...