UwU Lend, the decentralized and modern lending platform, is proud to announce the return of the Curve ecosystem together with its new stablecoin crvUSD!
Moreover, with this thrilling step ahead as one of many first lending platforms so as to add crvUSD. UwU Lend goals to help the stabilization and progress of the Curve ecosystem whereas providing customers extra diversified markets.
The thrilling curve market will captivate traders
CRV is the governance token of the Curve ecosystem that allows voting on liquidity swimming pools on Curve in alternate for issuance and bribes. As such, customers can now deposit their tokens into UwU Lend and earn curiosity in CRV tokens.
The APY varies based mostly on pool utilization. Moreover, it’s now potential to borrow CRV at a 50% LTV with a 60% liquidation threshold, and additional profit from the enticing APR. A ten% bonus additionally goes to the liquidators.
This new alternative is a wonderful manner for customers to earn passive earnings with their CRV tokens whereas supporting the Curve ecosystem. The low LTV and liquidation threshold permits debtors to borrow CRV with confidence, realizing their property are properly protected.
Introducing crvUSD: the highly effective stablecoin that’s revolutionizing the market
Curve’s stablecoin, crvUSD, has lately been launched to the markets and is minted as collateral within the type of floating fee debt, with deep liquidity (+100mm) on Curve. So charges rise when crvUSD trades under the peg to encourage reimbursement, and funky when it trades close to or on the peg to encourage additional borrowing.
The addition of crvUSD provides one other stablecoin to these already obtainable on UwU Lend.
Because of this, it’s now potential to deposit to earn curiosity and take part in UwU Lend’s earnings flywheel. It’s also possible to earn crvUSD and UwU tokens as curiosity and borrow towards your crvUSD at an 80% LTV with an 85% liquidation threshold, and a 5% trustee bonus applies.
Please word which you can mint or alternate your crvUSD, or borrow it towards supported collateral from UwU Lend’s companions at Silo.
About UwU Lend
UwU Lend is a decentralized finance (DeFi) platform that enables customers to borrow, lend and earn curiosity on their crypto property. It’s constructed on the Ethereum blockchain and makes use of good contracts to automate transactions and remove the necessity for intermediaries.
Furthermore, UwU Lend gives quite a lot of options together with lending crypto property, crypto loans to earn curiosity, yield farming, Automated Market Maker (AMM) buying and selling and rather more.
One of many key options of UwU Lend is its decentralized nature, which signifies that transactions are carried out immediately between customers with out the intervention of a government. Because of this, it reduces the chance of censorship or manipulation and will increase transparency and belief inside the ecosystem.
Moreover, supporting this established Curve ecosystem is step one in the direction of extra additions and capabilities for his or her UwU customers, whereas growing income shared with LP lockers.
Keep knowledgeable
Be taught extra about UwU Lend by visiting the official web site, and for the newest updates and information, take a look at UwU Lend social media platforms equivalent to X (Twitter), Discord, DeBank and Reddit.