99% of DeFi offer variable lending and borrow rates.
This IMO is highly annoying since the rates changes so much and so quick that it is impossible to plan ahead where to lend money to get the best interest. To that we add that every transaction to move around money cost gas fees and even making an automatic allocator doesn’t make much sense.
I’ve seen in an old roadmap that there was aplan to make fixed rates. Any more info on that? It would be a big and nice change IMO and I’d put much more liquidity into it.
Also it “seems” pretty straightforward to me. Something like the rates are calculates as now but every week/month (or whatever number of blocks that means) they are locked for a full week/month. In this week/month the data are averaged to calculate the next rate, so that even ahead of the date when the rates change we can have an estimate of the next rate which gets more precise the more we are close to the switch date.