Kamino Finance Expands Loan Limit for PYUSD to $20 Million

IconCryptoNewsTerminal Staff29 Aug, 2024

cryptonews.jpg

Kamino Finance Expands Loan Limit for PYUSD to $20 Million

Kamino Finance has announced an increase in its global PYUSD loan limit to $20 million, providing borrowers with greater access to capital. The loan interest rate remains consistent regardless of loan size. Within the Athena Market, the PYUSD loan limit has also been increased to $10 million. Notably, the PYUSD loan interest rate within the market stands at a competitive 2.07%. This move by Kamino Finance aligns with its mission to facilitate financial inclusion and empower borrowers with flexible loan options. The expanded loan limits offer individuals and businesses enhanced opportunities to unlock liquidity while leveraging the stability of PYUSD. By leveraging PYUSD, borrowers can hedge against market volatility and secure loans with favorable interest rates. This expansion of loan limits marks another milestone in Kamino Finance's commitment to driving innovation within the decentralized finance ecosystem.

Related News