Modify Borrow Interest
The Modify Borrow Interest poll type will allow 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 Name | Value |
Base Borrow Rate | 2.5% APR |
Interest Multiplier | 0.40 |
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 |
Last modified 1yr ago