Adopt New Interest Rate Model on Ethereum
Summary
With the new interest rate model on Binance Smart Chain, both supply and borrow APY are much higher after utilization rate hits 80%. It would be more stable and healthier for the protocol to target utilization rate at 80% steadily by adopting the same interest rate model on Ethereum.
For: to adopt new interest rate model on Ethereum Against: No change required
Specification
BSC interest rate model (documentation)
Current intereste rate model on Ethereum (documentation)
Off-Chain Vote
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Timeline
Oct 28, 2020Proposal created
Oct 28, 2020Proposal vote started
Oct 29, 2020Proposal vote ended
Oct 26, 2023Proposal updated