Tydro Restores $75 Million USDC Borrow Cap After Freeze

Tydro restored its USDC borrow cap to $75 million after a freeze, while $18.6 million in available liquidity limits immediate new lending. A borrow cap sets a maximum borrowing limit for the reserve. It does not show how much USDC is immediately available to borrowers, because liquidity is a separate condition. The cap sets a protocol limit, while available liquidity sets a lower ceiling on immediate new lending. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Also reported by The Defiant.

Source: TokenPost