Kamino Increases PYUSD Borrowing Limit to $20 Million

According to Odaily, Kamino has announced via X that it has raised the global borrowing limit for PYUSD on its platform to $20 million. This change allows users to borrow using any collateral assets. Notably, the borrowing interest rate for PYUSD remains unaffected by the borrowing amount. Additionally, Ethena Labs has also increased the borrowing limit for PYUSD in its market to $10 million.