Curve DAO approves raising YieldBasis's crvUSD credit limit to 1 billion USD

ChainCatcher News, Curve DAO announced that it has approved raising YieldBasis's crvUSD credit limit from $300 million to $1 billion. This is the maximum credit limit, but it is not allocated immediately; its usage will gradually expand as crvUSD liquidity increases.

Curve sets the overall credit limit, while YieldBasis must raise the cap for each YB market within this limit through its own governance voting.