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
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Modify NEP Distribution for Lucra Protocol

Modify Governance Parameters

Last modified 1yr ago

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