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)

Find other variables in Markets

Stable + Major

Parameter

Value

Category

Major & Stable

Tokens

USDT, USDC, BUSD, yCRV, yUSD, ETH, renBTC, FTT, yETH, BBTC, HBTC, HUSD, DAI, tBTC, WBTC, sUSD, FRAX, BAC, UST

UNI-V2-WBTC-ETH, UNI-V2-ETH-USDT, UNI-V2-DAI-ETH, UNI-V2-USDC-ETH

yveCRV, yvsteCRV, yvCurve-IB

Base

2%

Multiplier

25%

JumpMultiplier

500%

Kink

80%

Contract Address

0x014872728e7D8b1c6781f96ecFbd262Ea4D2e1A6

Governance + Seed

Parameter

Value

Category

Governance & Seeds

Tokens

COMP, BAL, YFI, LINK, CREAM, AAVE, CRV, MTA, SRM, UNI, SUSHI, wNXM, SWAG, CEL, DPI, BOND, KP3R, HFIL, CRETH2, HEGIC, ESD, COVER, 1INCH, OMG, xSUSHI, SNX, PICKLE, AKRO, bBADGER, OGN, AMP, ALPHA, FTM, RUNE, PERP, RAI, OCEAN

Base

2%

Multiplier

35%

JumpMultiplier

750%

Kink

80%

Contract Address

0xd34137FC9F6754bcDFCe907d06F4D10E897B3eB5

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

0x66FB6cf0Af2Cb8f967F2439Ea855387cB431Fed8