Interest Rate Model

APY Function

Borrow APY

= [1 + Base + Multiplier * min(UtilizationRate, Kink) + max(JumpMultiplier * UtilizationRate - Kink, 0)] ^ 10512000 - 1

Supply APY

= Distribute (Interest Paid by Borrowers Per Block - Reserve) to all suppliers, and convert it into APY

= Distribute [(1 + Borrow APY) ^ (1 / BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) to all suppliers, and convert it into APY

= {[(1 + Borrow APY) ^ (1 / BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) / Total Supply}, and convert it into APY

= {1 + [(1 + Borrow APY) ^ (1/BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) / Total Supply} ^ BlocksPerYear - 1

= {1+[(1+Borrow APY)^(1/BlocksPerYear)-1]*(1-Reserve Factor)*Utilization Rate}^BlocksPerYear-1

BlocksPerYear = 10,512,000 (3 sec per block)

Find other variables in Markets

Major

Parameter	Value
Category	Major
Tokens	BTCB, XRP, LTC, BCH, ETH, ADA, EOS, XTZ, renBTC, renZEC, BETH, WBNB
Base	0%
Multiplier	15%
JumpMultiplier	200%
Kink 1	80%
Kink 2	90%
Contract Address	0xd68F6C83E160d86bF1fC0120a0D96A74cF291Bff

Stable

Parameter	Value
Category	Stable
Tokens	BUSD, USDT, DAI, USDC, VAI
Base	0%
Multiplier	18%
JumpMultiplier	800%
Kink 1	80%
Kink 2	90%
Contract Address	0x8122E8585724BFd0A5964847fAe47c949B90B899

Governance + Seed

Parameter	Value
Category	Governance & Seeds
Tokens	DOT, LINK, CREAM, BAND, FIL, YFI, UNI, ATOM, ALPHA, TWT, CAKE, XVS, BAT, AUTO, IOTX, SXP, SUSHI
Base	0%
Multiplier	20%
JumpMultiplier	500%
Kink 1	70%
Kink 2	80%
Contract Address	0xEb689084bD7990604Eef53376D269f87CB12cA63

Cake Liquidity Provider token (CakeLP)

Parameter	Value
Category	CakeLP
Tokens	CAKE-LP-CAKE-BNB v2 CAKE-LP-BNB-BUSD v2 CAKE-LP-BTCB-BNB v2 CAKE-LP-ETH-BNB v2 CAKE-LP-USDT-BUSD v2
Base	10%
Multiplier	55%
JumpMultiplier	180%
Kink	50%
Contract Address	0x0A4F9Ab20A56DD4624266c610B5F960Bd72C5710

BNB

Parameter	Value
Category	BNB
Tokens	BNB
Base	0%
Multiplier	8%
JumpMultiplier	550%
Kink 1	70%
Kink 2	95%
Contract Address	0x92F70dE2D257f9a381AF47191506851aB405e8Ba