Dear users,
The USDT and wstUSDT market parameters were adjusted on Jul 1, 2024. Users who supply in USDT and wstUSDT markets can still get high APY. Welcome to participate.
Meanwhile, JustLend DAO will constantly pay close attention to the USDT and wstUSDT markets, and adjust the parameters of the USDT and wstUSDT markets in real-time, which will promote the healthy and sustainable development of the USDT and wstUSDT markets, and ensure the safety of users' assets.
Market Parameters
The details of this adjustment are as follows:
1. The collateral factor of USDT is set at 75%, while its reserve factor is set at 10%. The USDT market adopts the jumping interest model, where the interest rate rockets to a higher tier when the utilization rate exceeds 80%. Its Supply APY hits 72% when the utilization rate reaches 100%.
Supply and borrow APYs at different utilization rates are as follows:
| Utilization rate | Borrow Base APY | Supply Base APY |
| 0% | 0.00% | 0.00% |
| 10% | 0.63% | 0.06% |
| 20% | 1.25% | 0.23% |
| 30% | 1.88% | 0.51% |
| 40% | 2.50% | 0.90% |
| 50% | 3.13% | 1.41% |
| 60% | 3.75% | 2.03% |
| 70% | 4.38% | 2.76% |
| 80% | 5.00% | 3.60% |
| 90% | 42.50% | 34.43% |
| 100% | 80.00% | 72.00% |
2. The collateral factor of wstUSDT is set at 75%, while its reserve factor is set at 10%. The wstUSDT market adopts the same interest model as USDT does, where the interest rate rockets to a higher tier when the utilization rate exceeds 80%. Its Supply APY hits 72% when the utilization rate reaches 100%.
Supply and borrow APYs at different utilization rates are as follows:
| Utilization rate | Borrow Base APY | Supply Base APY |
| 0% | 0.00% | 0.00% |
| 10% | 0.63% | 0.06% |
| 20% | 1.25% | 0.23% |
| 30% | 1.88% | 0.51% |
| 40% | 2.50% | 0.90% |
| 50% | 3.13% | 1.41% |
| 60% | 3.75% | 2.03% |
| 70% | 4.38% | 2.76% |
| 80% | 5.00% | 3.60% |
| 90% | 42.50% | 34.43% |
| 100% | 80.00% | 72.00% |
For more details, please refer to Adjust the Interest Model of the USDT and wstUSDT Markets.
Thank you for your support!
JustLend DAO
Jul 1, 2024 (Singapore time)