The current utilization rate on BUSD lending is ~100%.
12 Feb 2023, 20:51
The current utilization rate on BUSD lending is ~100%.
That means a) borrowing (farming) is very expensive and is negative APY while at these levels b) lending APY is very high (45-50%).
While there are lenders , we kindly advise to check your farming stablecoin positions and double check whether they do not earn negative APYs!
Reminder: all the liquid staking farming is limited (either paused or altcoins liquidation logic), the vaults on any new deposits are functional both ways, the exchange rate of BUSD <> iBUSD is constant both ways as well.
*Lastly, we expect final response from ANKR within 1-2 weeks to be able to fully resume all liquid staking based products.
Same news in other sources
1KalmarKALM #1926
12 Feb 2023, 20:52
The current utilization rate on BUSD lending is ~100%.
That means a) borrowing (farming) is very expensive and is negative APY while at these levels b) lending APY is very high (45-50%).
While there are lenders , we kindly advise to check your farming stablecoin positions and double check whether they do not earn negative APYs!
Reminder: all the liquid staking farming is limited (either paused or altcoins liquidation logic), the vaults on any new deposits are functional both ways, the exchange rate of BUSD <> iBUSD is constant both ways as well.
*Lastly, we expect final response from ANKR within 1-2 weeks to be able to fully resume all liquid staking based products.
The current utilization rate on BUSD lending is ~100%.
The current utilization rate on BUSD lending is ~100%.
That means a) borrowing (farming) is very expensive and is negative APY while at these levels b) lending APY is very high (45-50%).
While there are lenders , we kindly advise to check your farming stablecoin positions and double check whether they do not earn negative APYs!
Reminder: all the liquid staking farming is limited (either paused or altcoins liquidation logic), the vaults on any new deposits are functional both ways, the exchange rate of BUSD <> iBUSD is constant both ways as well.
*Lastly, we expect final response from ANKR within 1-2 weeks to be able to fully resume all liquid staking based products.