Curve DAO has approved an increase in the crvUSD credit limit for YieldBasis to $1 billion, up from the previous $300 million. This decision, made on December 12, reflects the growing demand for crvUSD liquidity. The credit cap will not be allocated immediately but will expand as liquidity increases. While Curve sets the overall limit, YieldBasis is required to raise individual market caps through governance votes. On-chain data indicates a rising interest in altcoins like crvUSD as DeFi protocols expand their credit exposure.
Curve DAO Increases crvUSD Credit Limit for YieldBasis to $1 Billion
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