Compound introduces USDC.e as a lendable asset on Gnosis Chain.
Sep 12, 2024 03:59:54
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According to ChainCatcher news, Compound has introduced USDC.e as a borrowable asset on Gnosis Chain, which is a new version of the USDC token aligned with Circle's official standards. To ensure that SparkLend users continue to access USDC liquidity, USDC.e has been integrated into SparkLend. The initial parameters include:
- Optimal utilization rate: 95%
- Supply cap: 10 million USDC.e
- Borrowing cap: 8 million USDC.e
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