dYdX offering higher USDC interest rates than Compound

in hive-147925 •  5 years ago 

dYdX has been offering higher interest rates on USDC deposits since about 10th of February.

USDS interest rates are very similar between Compound and dYdX for the most part, but the higher volatility this month has resulted in higher demand from traders on dYdX, who borrow USDC from the dYdX's pool reserves to execute their trades.

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5 years ago by

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