We recommend moving forward with the implementaion of tranche 2 for all assets, excluding USDC and USDT on the BNB core pool.
Reviewing the rates following the multiplier increase on April 11th, the borrow APYs for USDC and USDT on the BNB core pool did converge to the updated optimal rate of 8%, in line with the overall decrease in market-priced interest rates. However, USDC and USDT on Ethereum, as well as DAI on Binance, did not converge.
As a result, we recommend waiting a few days before adjusting the rates for USDC and USDT on BNB core pool to adequately assess the impact over a longer time frame, while proceeding with updates for the others today.
