Interest Rates

We use a 2-stage interest rate model, where computation of the interest rate is separated into two stages.
Before utilization reaches the kink level, interest rate is computed as:
After utilization goes above the kink level, interest rate is computed as:
The functions above produce the following graph:
Two-Stage Interest Rate Model
The parameters each token are listed:
Token
Kink
R_basic
R1
R2
USDC
85%
0
0.117647
4.666667
USDT
80%
0
0.125
3.5
BTC
75%
0
0.266667
3.2
ETH
75%
0
0.266667
3.2
SOL
70%
0
0.285714
4.333333
RAY
85%
0
0.352941
11.333333
SRM
80%
0
0.15
6.9
weWETH
75%
0
0.266667
3.2
wbWBNB
70%
0
0.266667
3.2
UST
85%
0
0.117647
4.666667
mSOL
75%
0
0.266667
5.2
ORCA
80%
0
0.15
6.9
​
Fees
No borrow fee is charged when using Soda Protocol and the flash loan fee for all tokens is 0.3%.

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