UwU Lend’s Expansion into New Markets with Curve Integration

UwU Lend, the decentralized and innovative lending platform, is proud to announce the return of the Curve ecosystem, along with its new stablecoin crvUSD!

Moreover, with this exciting step forward as one of the first lending platforms to add crvUSD. UwU Lend aims to support the stabilization and growth of the Curve ecosystem while offering users more diversified markets.

The Thrilling Curve Market Will Captivate Investors

CRV is the governance token of the Curve ecosystem that allows voting for liquidity pools on Curve in exchange for emissions and bribes. As such, users can now deposit their tokens on UwU Lend and earn interest in CRV tokens.

The APY will vary based on the utilization of the pool. Furthermore, borrowing CRV at a 50% LTV with a liquidation threshold of 60% is now possible, as well as looping to benefit further from the attractive APR. Also, a 10% bonus will go to liquidators.

This new opportunity is an excellent way for users to earn passive income on their CRV tokens while supporting the Curve ecosystem. With the low LTV and liquidation threshold, borrowers can confidently borrow CRV, knowing their assets are well-protected.

Introducing crvUSD: The Powerful Stablecoin That Revolutionizes the Market

Curve’s stablecoin, crvUSD, was recently introduced to the markets, and it is minted against collateral as debt with a variable interest rate, with deep liquidity (+100mm) on Curve. So, the interest rates ramp up when crvUSD trades below the peg to incentivize repayment and cool down when it trades near or at the peg to incentivize further borrowing.

The addition of crvUSD adds another stablecoin to those already available on UwU Lend.

As a result, it is now possible to deposit to earn interest and participate in UwU Lend’s revenue flywheel. Also, you can earn crvUSD and UwU tokens in interest and borrow against your crvUSD at an 80% LTV with a liquidation threshold of 85%, and a 5% bonus applies to liquidators.

Please note that you can mint or swap your crvUSD or borrow them against supported collaterals from UwU Lend’s partners at Silo.

About UwU Lend

UwU Lend is a decentralized finance (DeFi) platform that allows users to borrow, lend, and earn interest on their crypto assets. It is built on the Ethereum blockchain and uses smart contracts to automate transactions and eliminate the need for intermediaries.

Furthermore, UwU Lend offers a variety of features, including borrowing crypto assets, crypto lending to earn interest, yield farming, Automated Market Maker (AMM) trading, and many more.

One of the key features of UwU Lend is its decentralized nature, which means that transactions are executed directly between users without the involvement of a central authority. As a result, it reduces the risk of censorship or manipulation and enhances transparency and trust within the ecosystem.

Moreover, supporting this well-established Curve ecosystem is the first step towards more additions and possibilities for their UwU users while increasing the revenue shared with LP lockers.

Stay Updated

Learn more about UwU Lend by visiting the official website, and for the latest updates and news, be sure to check UwU Lend social media platforms, like X (Twitter), Discord, DeBank, and Reddit.

The post UwU Lend’s Expansion into New Markets with Curve Integration appeared first on Blockonomi.

Related posts

DOGE and SHIB Set for Huge Boost: What It Means for MTAUR

IMAGE ALT: Dogecoin (DOGE) and Shiba Inu (SHIB) Celebrate Minotaurus (MTAUR) IMAGE TITLE: DOGE…
Read more

Bitnance (BTN) Breaking Ice, New BEP-20 Token Presale Tops $17.5K

A new store of value token coming to the Binance Chain is making waves due to its potential for…
Read more

XRP Price Set to Drop Under $2 Billion Penalty, While MTAUR Expected to Soar

Ripple (XRP) is currently facing significant challenges as it contends with a looming $2 billion…
Read more
Become a Trendsetter

Sign up for TheTechly’s Daily Digest and get the latest and trending technology updates.

[mc4wp_form id="729"]