LUCRA PROTOCOL
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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

Genesis Values

Parameter Name
Value
Base Borrow Rate
2.5% APR
Interest Multiplier
0.40

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