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Crypto Desk

CbETH core market on Base expands supply cap to 4,000

CbETH core market on Base expands supply cap to 4,000

Following the successful passage and execution of MIP-B57, the cbETH Core Market on Base now operates with its pre-MIP-X43 oracle configuration and has increased its supply cap to 4,000 cbETH. This change aligns with recent community-driven DeFi proposals on Base aimed at optimizing oracle mechanisms to improve market stability and efficiency. Additionally, raising asset supply caps is a strategic adjustment commonly observed in Layer 2 networks like Base to meet growing user demand and mitigate associated risks.

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