VIP-58 Interest Rate Model Updates

VIP-58 | Interest rate model parameters adjustments

ADA, BCH, BETH, BTC, DOGE, ETH, FIL, LINK, LTC, SXP, XRP

This proposal is related to updating the interest rate model parameters for a specific set of aforementioned markets on Venus Protocol. In order to optimize for risk management, competitive supply rates, and increased revenue, the interest rate models for certain assets will be adjusted as per the charts below.

Updates

For all assets included in this VIP (ADA, BCH, BETH, BTC, DOGE, ETH, FIL, LINK, LTC, SXP, XRP), interest rate model curves are being steepened with an increased rate multiplier. Kinks (rate jumps) are also being added to ensure supply rates remain competitive and utilization remains low enough to ensure supplier withdrawal liquidity.