# 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