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Hello! Why borrowing BUSD on Kava Lend has become so

expensive 23.72%?😕

8 ответов

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"the main cause of the change in yields is a sudden drop in BUSD supplied One whale removed 2.6m was withdrawn in two tx's (1m and 1.6m around 28 hours ago), they then moved much of it into a CDP on Kava Mint Around the same time period there were a number of extra borrowing tx's in more than one wallet for 138K, 250K, 270k, etc"

https://t.me/kavalabs/259313

https://t.me/kavalabs/259317

Garri-Rons Автор вопроса

This explains the mechanics https://medium.com/kava-labs/hard-protocol-interest-rate-update-45d4e279db0f

Garri-Rons Автор вопроса
CryptoDaz (Darren)
This explains the mechanics https://medium.com/ka...

It's clear. Thanks again! I'm going to read. Borrowing BUSD has become extremely unprofitable, I'll go to think about what to do in such a situation.

Garri-Rons Автор вопроса
CryptoDaz (Darren)
https://t.me/kavalabs/259317

The only thing that pleases me in this situation is that the APY of the BUSD collateral has also grown to 20%)) I'll go look for BUSD to provide Kava Lend. Everyone will win a little - and thus we will slightly reduce the% Borrowed and earn a good% on the Supply APY as a bonus. 20% per annum is a good APY for Busd (as collateral)

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