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
| Parameter | Value |
|---|---|
Category | Major |
Tokens | MATIC, WETH, WBTC, ibBTC |
Base | 0% |
Multiplier | 15% |
JumpMultiplier | 500% |
Kink 1 | 80% |
Kink 2 | 90% |
Contract Address |
| Parameter | Value |
|---|---|
Category | Stable |
Tokens | USDT, USDC, DAI |
Base | 0% |
Multiplier | 23% |
JumpMultiplier | 800% |
Kink 1 | 80% |
Kink 2 | 90% |
Contract Address |
| Parameter | Value |
|---|---|
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 |
