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