Interest Rate Model
Borrow APY
= [1 + Base + Multiplier * min(UtilizationRate, Kink1) + max(JumpMultiplier * UtilizationRate - Kink2, 0)] ^ 2102400 - 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 = 2,102,400 (15 sec per block)
Find other variables in Markets
Parameter | Value |
Tokens | WETH, WBTC |
Base | 0% |
Multiplier | 17.5% |
JumpMultiplier | 200% |
Kink 1 | 80% |
Kink 2 | 90% |
Contract Address |
Parameter | Value |
Tokens | y3Crv, sUSD, mUSD, DUSD, EURS, sEUR, BUSD, GUSD, cDAI, cUSDT, cUSDC, USDP, FRAX, ibEUR, EURt |
Base | 0% |
Multiplier | 13% |
JumpMultiplier | 800% |
Kink 1 | 80% |
Kink 2 | 90% |
Contract Address |
Parameter | Value |
Tokens | DAI, USDC, USDT |
Base | 0% |
Multiplier | 13% |
JumpMultiplier | 800% |
Kink 1 | 80% |
Kink 2 | 90% |
Contract Address |
Parameter | Value |
Tokens | LINK, YFI, SNX, DPI, UNI, SUSHI |
Base | 0% |
Multiplier | 27% |
JumpMultiplier | 900% |
Kink 1 | 80% |
Kink 2 | 90% |
Contract Address |
