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Instant Borrowing IRM
The interest rate model related to the Instant Borrowing model.
Liquidity risk materializes when utilization is high, its becomes more problematic as
gets closer to 100%. In order to mitigate against this constraint, the interest rate curve is split in two linear rate curves around an optimal utilization rate
. Before
the slope is small but afterward it starts rising sharply.
The interest rate
follows the model:
The following protocol parameters will be adjusted according to market conditions:
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-
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In addition to the above parameters, the reserve factors discussed in Supply APY will also be adjusted according to market conditions.
Asset | UOptimal | Base (R0) | RSlope 1 | RSlope 2 |
USDC | 50% | 5% | 65% | 150% |
SOL | 50% | 5% | 65% | 150% |
Other Constants | Rate |
|---|---|
Reserveplatform | 20% |
ReservePixelPanther | 75% |
Insurance Fund Ratio | 5% |
In our unique interest rate model, the amount of Borrow APR and Supply APY is based on
at any time.
(Utilization Rate) | Borrow APR if U<Uoptimal | Borrow APR if U>Uoptimal | Borrow APRActual | Supply APYUSDC | NIIplatform | Insurance Fund | NIIAIF | NIIpp |
0% | 5.0% | -80.00% | 5.00% | 0.00% | 5.00% | 0.25% | 4.75% | 1.19% |
1% | 6.3% | -77.00% | 6.30% | 0.05% | 6.25% | 0.31% | 5.94% | 1.48% |
2% | 7.6% | -74.00% | 7.60% | 0.12% | 7.48% | 0.37% | 7.10% | 1.78% |
3% | 8.9% | -71.00% | 8.90% | 0.21% | 8.69% | 0.43% | 8.25% | 2.06% |
4% | 10.2% | -68.00% | 10.20% | 0.33% | 9.87% | 0.49% | 9.38% | 2.34% |
5% | 11.5% | -65.00% | 11.50% | 0.46% | 11.04% | 0.55% | 10.49% | 2.62% |
6% | 12.8% | -62.00% | 12.80% | 0.61% | 12.19% | 0.61% | 11.58% | 2.89% |
7% | 14.1% | -59.00% | 14.10% | 0.79% | 13.31% | 0.67% | 12.64% | 3.16% |
8% | 15.4% | -56.00% | 15.40% | 0.99% | 14.41% | 0.72% | 13.69% | 3.42% |
9% | 16.7% | -53.00% | 16.70% | 1.20% | 15.50% | 0.77% | 14.72% | 3.68% |
10% | 18.0% | -50.00% | 18.00% | 1.44% | 16.56% | 0.83% | 15.73% | 3.93% |
11% | 19.3% | -47.00% | 19.30% | 1.70% | 17.60% | 0.88% | 16.72% | 4.18% |
12% | 20.6% | -44.00% | 20.60% | 1.98% | 18.62% | 0.93% | 17.69% | 4.42% |
13% | 21.9% | -41.00% | 21.90% | 2.28% | 19.62% | 0.98% | 18.64% | 4.66% |
14% | 23.2% | -38.00% | 23.20% | 2.60% | 20.60% | 1.03% | 19.57% | 4.89% |
15% | 24.5% | -35.00% | 24.50% | 2.94% | 21.56% | 1.08% | 20.48% | 5.12% |
16% | 25.8% | -32.00% | 25.80% | 3.30% | 22.50% | 1.12% | 21.37% | 5.34% |
17% | 27.1% | -29.00% | 27.10% | 3.69% | 23.41% | 1.17% | 22.24% | 5.56% |
18% | 28.4% | -26.00% | 28.40% | 4.09% | 24.31% | 1.22% | 23.09% | 5.77% |
19% | 29.7% | -23.00% | 29.70% | 4.51% | 25.19% | 1.26% | 23.93% | 5.98% |
20% | 31.0% | -20.00% | 31.00% | 4.96% | 26.04% | 1.30% | 24.74% | 6.18% |
21% | 32.3% | -17.00% | 32.30% | 5.43% | 26.87% | 1.34% | 25.53% | 6.38% |
22% | 33.6% | -14.00% | 33.60% | 5.91% | 27.69% | 1.38% | 26.30% | 6.58% |
23% | 34.9% | -11.00% | 34.90% | 6.42% | 28.48% | 1.42% | 27.05% | 6.76% |
24% | 36.2% | -8.00% | 36.20% | 6.95% | 29.25% | 1.46% | 27.79% | 6.95% |
25% | 37.5% | -5.00% | 37.50% | 7.50% | 30.00% | 1.50% | 28.50% | 7.13% |
26% | 38.8% | -2.00% | 38.80% | 8.07% | 30.73% | 1.54% | 29.19% | 7.30% |
27% | 40.1% | 1.00% | 40.10% | 8.66% | 31.44% | 1.57% | 29.87% | 7.47% |
28% | 41.4% | 4.00% | 41.40% | 9.27% | 32.13% | 1.61% | 30.52% | 7.63% |
29% | 42.7% | 7.00% | 42.70% | 9.91% | 32.79% | 1.64% | 31.15% | 7.79% |
30% | 44.0% | 10.00% | 44.00% | 10.56% | 33.44% | 1.67% | 31.77% | 7.94% |
31% | 45.3% | 13.00% | 45.30% | 11.23% | 34.07% | 1.70% | 32.36% | 8.09% |
32% | 46.6% | 16.00% | 46.60% | 11.93% | 34.67% | 1.73% | 32.94% | 8.23% |
33% | 47.9% | 19.00% | 47.90% | 12.65% | 35.25% | 1.76% | 33.49% | 8.37% |
34% | 49.2% | 22.00% | 49.20% | 13.38% | 35.82% | 1.79% | 34.03% | 8.51% |
35% | 50.5% | 25.00% | 50.50% | 14.14% | 36.36% | 1.82% | 34.54% | 8.64% |
36% | 51.8% | 28.00% | 51.80% | 14.92% | 36.88% | 1.84% | 35.04% | 8.76% |
37% | 53.1% | 31.00% | 53.10% | 15.72% | 37.38% | 1.87% | 35.51% | 8.88% |
38% | 54.4% | 34.00% | 54.40% | 16.54% | 37.86% | 1.89% | 35.97% | 8.99% |
39% | 55.7% | 37.00% | 55.70% | 17.38% | 38.32% | 1.92% | 36.41% | 9.10% |
40% | 57.0% | 40.00% | 57.00% | 18.24% | 38.76% | 1.94% | 36.82% | 9.21% |
41% | 58.3% | 43.00% | 58.30% | 19.12% | 39.18% | 1.96% | 37.22% | 9.30% |
42% | 59.6% | 46.00% | 59.60% | 20.03% | 39.57% | 1.98% | 37.60% | 9.40% |
43% | 60.9% | 49.00% | 60.90% | 20.95% | 39.95% | 2.00% | 37.95% | 9.49% |
44% | 62.2% | 52.00% | 62.20% | 21.89% | 40.31% | 2.02% | 38.29% | 9.57% |
45% | 63.5% | 55.00% | 63.50% | 22.86% | 40.64% | 2.03% | 38.61% | 9.65% |
46% | 64.8% | 58.00% | 64.80% | 23.85% | 40.95% | 2.05% | 38.91% | 9.73% |
47% | 66.1% | 61.00% | 66.10% | 24.85% | 41.25% | 2.06% | 39.18% | 9.80% |
48% | 67.4% | 64.00% | 67.40% | 25.88% | 41.52% | 2.08% | 39.44% | 9.86% |
49% | 68.7% | 67.00% | 68.70% | 26.93% | 41.77% | 2.09% | 39.68% | 9.92% |
50% | 70.0% | 70.00% | 70.00% | 28.00% | 42.00% | 2.10% | 39.90% | 9.98% |
51% | 71.3% | 73.00% | 73.00% | 29.78% | 43.22% | 2.16% | 41.06% | 10.26% |
52% | 72.6% | 76.00% | 76.00% | 31.62% | 44.38% | 2.22% | 42.16% | 10.54% |
53% | 73.9% | 79.00% | 79.00% | 33.50% | 45.50% | 2.28% | 43.23% | 10.81% |
54% | 75.2% | 82.00% | 82.00% | 35.42% | 46.58% | 2.33% | 44.25% | 11.06% |
55% | 76.5% | 85.00% | 85.00% | 37.40% | 47.60% | 2.38% | 45.22% | 11.31% |
56% | 77.8% | 88.00% | 88.00% | 39.42% | 48.58% | 2.43% | 46.15% | 11.54% |
57% | 79.1% | 91.00% | 91.00% | 41.50% | 49.50% | 2.48% | 47.03% | 11.76% |
58% | 80.4% | 94.00% | 94.00% | 43.62% | 50.38% | 2.52% | 47.86% | 11.97% |
59% | 81.7% | 97.00% | 97.00% | 45.78% | 51.22% | 2.56% | 48.66% | 12.16% |
60% | 83.0% | 100.00% | 100.00% | 48.00% | 52.00% | 2.60% | 49.40% | 12.35% |
61% | 84.3% | 103.00% | 103.00% | 50.26% | 52.74% | 2.64% | 50.10% | 12.52% |
62% | 85.6% | 106.00% | 106.00% | 52.58% | 53.42% | 2.67% | 50.75% | 12.69% |
63% | 86.9% | 109.00% | 109.00% | 54.94% | 54.06% | 2.70% | 51.36% | 12.84% |
64% | 88.2% | 112.00% | 112.00% | 57.34% | 54.66% | 2.73% | 51.92% | 12.98% |
65% | 89.5% | 115.00% | 115.00% | 59.80% | 55.20% | 2.76% | 52.44% | 13.11% |
66% | 90.8% | 118.00% | 118.00% | 62.30% | 55.70% | 2.78% | 52.91% | 13.23% |
67% | 92.1% | 121.00% | 121.00% | 64.86% | 56.14% | 2.81% | 53.34% | 13.33% |
68% | 93.4% | 124.00% | 124.00% | 67.46% | 56.54% | 2.83% | 53.72% | 13.43% |
69% | 94.7% | 127.00% | 127.00% | 70.10% | 56.90% | 2.84% | 54.05% | 13.51% |
70% | 96.0% | 130.00% | 130.00% | 72.80% | 57.20% | 2.86% | 54.34% | 13.59% |
71% | 97.3% | 133.00% | 133.00% | 75.54% | 57.46% | 2.87% | 54.58% | 13.65% |
72% | 98.6% | 136.00% | 136.00% | 78.34% | 57.66% | 2.88% | 54.78% | 13.70% |
73% | 99.9% | 139.00% | 139.00% | 81.18% | 57.82% | 2.89% | 54.93% | 13.73% |
74% | 101.2% | 142.00% | 142.00% | 84.06% | 57.94% | 2.90% | 55.04% | 13.76% |
75% | 102.5% | 145.00% | 145.00% | 87.00% | 58.00% | 2.90% | 55.10% | 13.78% |
76% |