Ethereum Mainnet
Interest Rate Model
APY Function
Borrow APY
= [1 + Base + Multiplier * min(UtilizationRate, Kink) + max(JumpMultiplier * UtilizationRate - Kink, 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)
Major
Parameter
Value
Category
Major
Tokens
ETH, WBTC, renBTC, BBTC, HBTC, WBTC, yvWETH, ibBTC
UNI-V2-WBTC-ETH, UNI-V2-ETH-USDT, UNI-V2-DAI-ETH, UNI-V2-USDC-ETH
yvCurve-sETH, yvCurve-stETH
Base
0%
Multiplier
15%
JumpMultiplier
200%
Kink 1
80%
Kink 2
90%
Contract Address
Stable
Parameter
Value
Category
Stable
Tokens
USDT, USDC, DAI, BUSD, yCRV, HUSD, sUSD, FRAX, UST, yvCurve-IB, yUSD, FEI, PAX, EURT
Base
0%
Multiplier
18%
JumpMultiplier
800%
Kink 1
80%
Kink 2
90%
Contract Address
Governance + Seed
Parameter
Value
Category
Governance & Seeds
Tokens
COMP, BAL, YFI, LINK, CREAM, AAVE, CRV, MTA, SRM, FTT, UNI, SUSHI, wNXM, CEL, DPI, BOND, KP3R, HFIL, HEGIC, ESD, COVER, 1INCH, OMG, xSUSHI, SNX, PICKLE, AKRO, bBADGER, OGN, ALPHA, FTM, RUNE, PERP, RAI, OCEAN, RARI, SFI, ARMOR, arNXM, MLN, VSP, VVSP, GNO, SWAP, WOO, BNT, PAXG, LON, YGG, AXS, SAND, MANA
Base
0%
Multiplier
20%
JumpMultiplier
500%
Kink 1
70%
Kink 2
80%
Contract Address
SushiSwap Liquidity Provider token (SLP)
Parameter
Value
Category
SLP
Tokens
SLP-WBTC-ETH,
SLP-DAI-ETH,
SLP-USDC-ETH,
SLP-ETH-USDT,
SLP-SUSHI-ETH,
SLP-YFI-ETH,
Base
10%
Multiplier
55%
JumpMultiplier
180%
Kink
50%
Contract Address
AMP (exploit)
Parameter
Value
Category
AMP
Tokens
AMP
Base
0%
Multiplier
0%
JumpMultiplier
0%
Kink
100%
Contract Address
Last modified 6mo ago