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Aave’s USDG rollover plan has a yield below most quoted borrowing rates
· By MyCryptoSignal Editorial · 76 words
CryptoSlate reports that Aave's USDG rollover plan yield is lower than most quoted borrowing rates, with the February PT yield specifically trailing three quoted funding rates. This yield is notably below the rates of other options, such as the GHO token which was cheaper in the October 7 snapshot. The details of Aave's plan, including replacement-token rewards, remain unconfirmed and may impact the crypto lending market.
Read the full story at CryptoSlate: https://cryptoslate.com/aaves-proposed-usdg-rollover-faces-higher-borrowing-costs-and-uncertain-rewards
Data, not advice.
Source: CryptoSlate — see our editorial policy.
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