BlockBeats News, December 12 — Curve DAO announced that it has approved increasing YieldBasis’s crvUSD credit line from $300 million to $1 billion. This limit is the maximum credit line but is not allocated immediately; its usage will gradually expand as crvUSD liquidity increases. Curve sets the overall credit limit, while YieldBasis must raise the cap for each YB market within this limit through its own governance voting.
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Curve DAO approves increasing YieldBasis's crvUSD credit limit to $1 billion
BlockBeats News, December 12 — Curve DAO announced that it has approved increasing YieldBasis’s crvUSD credit line from $300 million to $1 billion. This limit is the maximum credit line but is not allocated immediately; its usage will gradually expand as crvUSD liquidity increases. Curve sets the overall credit limit, while YieldBasis must raise the cap for each YB market within this limit through its own governance voting.