LSDFi protocol Hydro Protocol said in a post on X that its money market layer now supports native USDC. Users can deposit USDC on Hydro Lending to earn a floating interest rate and also use the asset as collateral. The protocol added that native USDC can also be deployed in DeFi strategies on Injective. The update expands the set of assets available within Hydro Protocol’s lending product and links that support to use cases on Injective.
Hydro Protocol, an LSDFi protocol, said in a post on X that its money market layer now supports native USDC.
Users can deposit USDC on Hydro Lending to earn a floating interest rate, while also using the asset as collateral. Hydro Protocol added that native USDC can also be used for DeFi strategies on Injective.
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