Interest Rate Model
Last updated
Last updated
Borrow APY
= [1 + Base + Multiplier * min(UtilizationRate, Kink) + max(JumpMultiplier * UtilizationRate - Kink, 0)] ^ 15768000 - 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 = 15,768,000 (2 sec per block)
Find other variables in Markets
Category
Major
Tokens
MATIC, WETH, WBTC, ibBTC
Base
0%
Multiplier
15%
JumpMultiplier
500%
Kink 1
80%
Kink 2
90%
Contract Address
Category
Stable
Tokens
USDT, USDC, DAI
Base
0%
Multiplier
23%
JumpMultiplier
800%
Kink 1
80%
Kink 2
90%
Contract Address
Category
Governance
Tokens
LINK, SUSHI, CRV, QUICK, AAVE, DPI, FXS, SNX, UNI
Base
0%
Multiplier
20%
JumpMultiplier
500%
Kink 1
70%
Kink 2
80%
Contract Address
