Aave Changes USDT Borrowing Rules and Loan Costs Suddenly Jump
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Crypto: Aave Tightens USDT Borrowing Rules to Safeguard Liquidity
Aave has just changed the borrowing conditions of USDT on its Ethereum V3 Core crypto market. Since October 21, rates increase faster as soon as 92% of liquidity is borrowed, compared to 94% previously. At a utilization level of 94%, the theoretical rate thus goes from 4.5% to 7%. The decentralized finance protocol aims to preserve more funds available for withdrawals. L’article Crypto: Aave Tightens USDT Borrowing Rules to Safeguard Liquidity e…
Aave has just changed USDT's borrowing conditions on its crypto Ethereum V3 Core market. Since October 21, rates have been rising faster as soon as 92% of liquidity is borrowed, compared to 94% previously. At a usage level of 94%, the theoretical rate has risen from 4.5% to 7%. The decentralized finance protocol seeks to preserve more funds available for withdrawals. L'article Crypto: Aave hardens USDT borrowings to protect its liquidity first a…
Aave changes USDT borrowing rules and loan costs suddenly jump
The October 20 fixed-supply model underlies the cushion; the implemented 92% threshold adds no cash or guaranteed exit. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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