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Tydro Restores $75 Million USDC Borrow Cap After Temporary Freeze

(3 hours ago) · 1 source · Summarized by CryptoBipto

Tydro, a DeFi lending protocol, has restored its $75 million USDC borrow cap after a period in which borrowing was frozen. The freeze was lifted and the cap reinstated, allowing users to resume borrowing USDC on the platform.

WHY IT MATTERS

In decentralized finance, or DeFi, lending protocols work somewhat like banks — they let people deposit crypto assets and earn interest, while others can borrow those assets by putting up collateral.

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SOURCES

  • thedefiant.io

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USDCDeFi LendingRisk ManagementUSDCProtocol Governance