Borrowing Protocol Definitions

Key terms related to the Borrowing Protocol
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Ua=U_a=
Actual Utilization Ratio
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UOptimal=U_{Optimal} =
Target Optimal Utilization Ratio
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R0=R_0=
Base Rate or Minimum Rate
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Rslope1=R_{slope1} =
amount of APR increases up to the
UOptimalU_{Optimal}
threshold.
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Rslope2=R_{slope2} =
amount of APR increases on top of increases from Rslope1 from to the
UOptimalU_{Optimal}
threshold to 100%
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ReservePlatformReserve_{Platform}
Reserve Platform
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ReservePixelPanther=Reserve_{PixelPanther} =
rate set to be
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InsuranceFundRatio=Insurance Fund Ratio =
percent of net interest income which is sent to the Insurance Fund​
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NetInterestIncomeAfterInsuranceFund(NIIAF)=Net Interest Income After Insurance Fund (NIIAF) =
Total Amount of NII in after Insurance Fund
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NIIPPactualNII_{PPactual}
= Total Amount of NII in USDC * NIIpp
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NIIppNII_{pp}
NIIpp = Total Amount of NII in % available to All Pixel Panthers
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DepositAPYPPDeposit APY_{PP}
Deposit APYPP = NIIactual * NIIpp / Total Eligible Staked Pixel Panthers
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EligibleStakedPP=Eligible Staked PP =
Total Amount Reserved before becoming eligible for
DepositAPYPP/1Deposit APY_{PP} / 1