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Hi guys! New here I have a question. On Llama
Lend, I noticed the borrow APR is 40% to borrow crvUSD against CRV collateral.
Wondering why the utilization is so high even at such a high borrowing cost? Surprised the market wouldn’t adjust and reduce the high borrowing cost. Does anyone have insights on this? Thanks 🙏
5 ответов
The borrow rate is based entirely off the utilization rate ser.... Check this out
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The borrow rate is based entirely off the utilizat...
Thanks, I understand the borrow apr is based on the utilization. My question is, why would people still be borrowing at such a high apr? Is there maybe a market for the crvUSD that earns more than 40%? Otherwise doesn’t make sense to borrow at such a high cost
Thanks, I understand the borrow apr is based on th...
I cannot speak for what users are doing with their borrowed crvusd other than to say that yes, yields are quite high and there are several places to earn good yields with crvusd. Also, as we said, the rate fluctuates quite a bit. It was about 10% lower earlier today so i would say the averages are def. lower..
Thanks, I understand the borrow apr is based on th...
Makes sense. They could have purchased crvUSD and then used other assets to borrow more. So the total borrowed isn’t 100% of their crvUSD bags. Then utilize it elsewhere for the sweet sweet apr’s.
I cannot speak for what users are doing with their...
i want crv polygon contract address plz provide me
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