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Borrowing Protocol Definitions

Key terms related to the Borrowing Protocol

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

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