Closed MathisGD closed 1 year ago
few comments:
Overall I see no interest in having a very low min rate. The borrow demand will not change drastically if the rate is 0.01% or 0.0000001%. It can be considered free in both cases. I would be in favour of implementing min rate = 0.1% (same as Ajna), as this allow for instant reactivity of the rate (see graph). If we think that there may be some assets / cases where a rate below 0.1% makes sense then I would go for 0.01%.
What was decided:
min rate = 0.1%:
max rate = 61.000.000.000.000 \%
Reopened because this is still not in the code
Currently the minimum rate is 1e-18 per second, which is very low (~1e-11% APR). If a market is abandoned and then re-used, this very low rate might take a long time to come back to reasonable values. Maybe it could be capped to something higher.