| Parameter | Contract Variable | Value | Description |
|---|---|---|---|
| MIN_RATE | `lending_pools.irm.min_rate` | 0 | The borrow rate at zero utilization. |
| OPTIMAL_UTIL | `lending_pools.irm.optimal_util` | 0.80 | The kink in the curve. Above it the rate rises far more steeply. |
| LOW_SLOPE | `lending_pools.irm.rate_at_optimal` | 0.048 | The borrow rate reached at `OPTIMAL_UTIL`, i.e. 4.8% at 80% utilization. |
| HIGH_SLOPE | `lending_pools.irm.rate_at_full` | 1.0 | The additional rate charged between `OPTIMAL_UTIL` and full utilization, so 104.8% at 100%. |
| SM_FEE | `lending_pools.irm.sm_interest_fee` | 20% | Share of interest paid by borrowers that is diverted to the Security Module. Rises to 100% while the Security Module is depleted. |
Parameters