UwU Lend’s Growth into New Markets with Curve Integration

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 change for emissions and bribes. As such, customers can now deposit their tokens on UwU Lend and earn curiosity in CRV tokens.

The APY will differ primarily based on the utilization of the pool. Moreover, borrowing CRV at a 50% LTV with a liquidation threshold of 60% is now attainable, in addition to looping to profit farther from the enticing APR. Additionally, a ten% bonus will go to liquidators.

This new alternative is a wonderful method 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, understanding their belongings are well-protected.

Introducing crvUSD: The Highly effective Stablecoin That Revolutionizes the Market

Curve’s stablecoin, crvUSD, was lately launched to the markets, and it’s minted towards 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 under 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 attainable 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 towards your crvUSD at an 80% LTV with a liquidation threshold of 85%, and a 5% bonus applies to liquidators.

Please notice that you could mint or swap your crvUSD or borrow them towards 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 sensible contracts to automate transactions and get rid of the necessity for intermediaries.

Moreover, UwU Lend provides a wide range 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 instantly between customers with out the involvement of a government. Because of this, it reduces the chance of censorship or manipulation and enhances transparency and belief inside the ecosystem.

Furthermore, supporting this well-established Curve ecosystem is step one in direction of extra additions and potentialities for his or her UwU customers whereas rising the income shared with LP lockers.

Keep Up to date

Study extra about UwU Lend by visiting the official web site, and for the most recent updates and information, remember to verify UwU Lend social media platforms, like X (Twitter), Discord, DeBank, and Reddit.