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

Major

Parameter	Value
Category	Major
Tokens	ETH
Base	0%
Multiplier	15%
JumpMultiplier	200%
Kink 1	80%
Kink 2	90%
Contract Address	0x3FaE5e5722C51cdb5B0afD8c7082e8a6AF336Ee8

Stable

Parameter	Value
Category	Stable
Tokens	USDC, USDT
Base	0%
Multiplier	18%
JumpMultiplier	800%
Kink 1	80%
Kink 2	90%
Contract Address	0x7ef18d0a9C3Fb1A716FF6c3ED0Edf52a2427F716

Governance + Seed

Parameter	Value
Category	Governance & Seeds
Tokens
Base	0%
Multiplier	20%
JumpMultiplier	500%
Kink 1	70%
Kink 2	80%
Contract Address	0x5Dc3A30d8c5937f1529C3c93507C16d86A17072A