UwU Lend, the decentralized and modern lending platform, is proud to announce the return of the Curve ecosystem, together with its new stablecoin crvUSD!
Furthermore, 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 development of the Curve ecosystem whereas providing customers extra diversified markets.
The Thrilling Curve Market Will Captivate Buyers
CRV is the governance token of the Curve ecosystem that enables voting for liquidity swimming pools on Curve in alternate for emissions and bribes. As such, customers can now deposit their tokens on UwU Lend and earn curiosity in CRV tokens.
The APY will range based mostly on the utilization of the pool. Moreover, borrowing CRV at a 50% LTV with a liquidation threshold of 60% is now doable, in addition to looping to learn farther from the enticing APR. Additionally, a ten% bonus will go to liquidators.
This new alternative is a wonderful means for customers to earn passive revenue on their CRV tokens whereas supporting the Curve ecosystem. With the low LTV and liquidation threshold, debtors can confidently borrow CRV, realizing their belongings are well-protected.
Introducing crvUSD: The Highly effective Stablecoin That Revolutionizes the Market
Curve’s stablecoin, crvUSD, was just lately launched to the markets, and it’s minted in opposition to collateral as debt with a variable rate of interest, with deep liquidity (+100mm) on Curve. So, the rates of interest ramp up when crvUSD trades beneath the peg to incentivize compensation and funky down when it trades close to or on the peg to incentivize additional borrowing.
The addition of crvUSD provides one other stablecoin to these already obtainable on UwU Lend.
Because of this, it’s now doable to deposit to earn curiosity and take part in UwU Lend’s income flywheel. Additionally, you possibly can earn crvUSD and UwU tokens in curiosity and borrow in opposition to your crvUSD at an 80% LTV with a liquidation threshold of 85%, and a 5% bonus applies to liquidators.
Please observe which you could mint or swap your crvUSD or borrow them in opposition to supported collaterals 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 belongings. It’s constructed on the Ethereum blockchain and makes use of good contracts to automate transactions and eradicate the necessity for intermediaries.
Moreover, UwU Lend affords quite a lot of options, together with borrowing crypto belongings, crypto lending to earn curiosity, yield farming, Automated Market Maker (AMM) buying and selling, and lots of extra.
One of many key options of UwU Lend is its decentralized nature, which signifies that transactions are executed immediately between customers with out the involvement of a government. Because of this, it reduces the danger of censorship or manipulation and enhances transparency and belief throughout the ecosystem.
Furthermore, supporting this well-established Curve ecosystem is step one in direction of extra additions and prospects for his or her UwU customers whereas growing the income shared with LP lockers.
Keep Up to date
Be taught extra about UwU Lend by visiting the official web site, and for the most recent updates and information, make sure you examine UwU Lend social media platforms, like X (Twitter), Discord, DeBank, and Reddit.
