Dear users:
The USDC market parameters were adjusted on Aug 31, 2022. After that, the borrowing interest of the USDC market will decrease significantly, which greatly improves the utilization rate of the USDC. Users who supply in USDC markets can still get high APY. Welcome to participate.
At the same time, JustLend DAO will constantly pay close attention to the USDC markets, and adjust the parameters of the USDC markets in real-time, which will promote the healthy and sustainable development of the USDC markets, and ensure the safety of users' assets.
The details of this adjustment are as follows:
Market Parameters:
- The collateral factor of the USDC market is 75%, while its reserve factor is 5%. The USDC market adopts the same interest model as USDT does, where the interest rate rockets to a higher tier when the utilization rate exceeds 90%. Its APY hits 20% when the utilization rate reaches 100%. Supply and borrow APYs at different utilization rates are as follows, and the Token Borrow Cap of the USDC market is unlimited:
|
Utilization rate |
Borrow Base APY |
Supply Base APY |
|
0% |
0.00% |
0.00% |
|
10% |
0.56% |
0.05% |
|
20% |
1.11% |
0.21% |
|
30% |
1.67% |
0.48% |
|
40% |
2.22% |
0.84% |
|
50% |
2.78% |
1.32% |
|
60% |
3.33% |
1.90% |
|
70% |
3.89% |
2.59% |
|
80% |
4.44% |
3.38% |
|
90% |
5.00% |
4.28% |
|
100% |
20.00% |
19.00% |
Thank you for your support.
JustLend DAO
Aug 31, 2022(SGT)