Modify Borrow Interest

The Modify Borrow Interest poll type allows users to create polls that update borrow-interest-related parameters.

The Base Borrow Rate is the minimum base interest rate that is applied to borrows. The borrow rate proportionally increases as the utilization ratio increases, with a multiplier of Interest Multiplier.

Parameter Name

Description

Base Borrow Rate

Minimum annualized borrow interest

Interest Multiplier

Multiplier between market utilization ratio and annual borrow interest

Parameter Values

Up-To-Date

Parameter Name

Human-Readable Value

Raw Value (In Contract State)

Base Borrow Rate

2% APR

0.000000004076272770 (per-block rate)

Interest Multiplier

0.42 (annualized value)

0.000000085601728176

At Protocol Genesis

Parameter Name

Human-Readable Value

Raw Value (In Contract State)

Base Borrow Rate

2% APR

0.000000004076272770 (per-block rate)

Interest Multiplier

0.42 (annualized value)

0.000000085601728176

Poll Format

Field

Description

Optionality

Title

Poll title

Required

Proposal Rationale

Short description of poll rationale

Required

External Link

External URL for further information

Optional

Base Borrow Rate

Proposed minimum annualized borrow interest

Optional

Interest Multiplier

Proposed multiplier between market utilization ratio and annual borrow interest

Optional

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