Curve DAO approves raising YieldBasis's crvUSD credit limit to 1 billion USD
ChainCatcher News, Curve DAO announced that it has approved raising YieldBasis's crvUSD credit limit from $300 million to $1 billion. This is the maximum credit limit, but it is not allocated immediately; its usage will gradually expand as crvUSD liquidity increases.
Curve sets the overall credit limit, while YieldBasis must raise the cap for each YB market within this limit through its own governance voting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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