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Kamino Finance has announced an increase in incentives for lending PYUSD, with rewards now reaching 1,000,000 per week and a supply APY of 18.5%. This move is expected to bolster the growth of PYUSD on the Solana blockchain. The total value locked (TVL) for PYUSD has reached $282 million, and deposits have hit an all-time high of over $36 million. As a result, daily rewards have increased to $18,000 PYUSD. The initiative is part of Kamino Finance's strategy to enhance stable yield offerings and attract more users to its platform.
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We've been incredibly impressed with the growth of PYUSD on @solana , and see use cases beyond trading — in payments, remittance etc. Access it here: https://t.co/WDPFMvPUYZ https://t.co/8Q7rQMEpd2
🤗 #Bybit is the first top CEX to integrate @PayPal's $PYUSD on @Solana. Together, we’re revolutionizing crypto. Let's continue to innovate! 🌐 Explore More: https://t.co/GQe8SGagAM #BybitNews #TheCryptoArk https://t.co/yrfxqrzRIK