Interest rates for borrowing stablecoins are currently as high as 25%. The Shrine currently caps multiplier values to 3x. We should increase the cap to future-proof the protocol in case we want to let the multiplier be higher. For example, if ETH base rate is between 2% to 2.5%, then the multiplier may need to be as high as 10x.
Interest rates for borrowing stablecoins are currently as high as 25%. The Shrine currently caps multiplier values to 3x. We should increase the cap to future-proof the protocol in case we want to let the multiplier be higher. For example, if ETH base rate is between 2% to 2.5%, then the multiplier may need to be as high as 10x.