- 100M11.2%
- 200M7.8%
- 300M81%
17,443 votesFinal results
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make borrow apy a flat 1% and lower lend apy from 20% to 10%. Target should be more borrowing with such a low rate.
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This is pretty dumb bro
U oke?
I was thinking of shifting the focus of anchor to the 1% of borrowing instead of the 20% of savings because as it is, the main revenue source of anchor is the yields from bAssets and not the actual interest from borrowing that is subsidize by ANC.
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Of course this can be adjusted with things like even 0% for yield bearing assets and 5% or something palatable for non yield bearing assets. The core idea is to make Anchor attractive to borrowers without the need for ANC subsidies, turning the UST into part collateralize stables
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start the flat borrow APY at 5%, one-way borrow, meaning once it it borrowed out and paid off, there will be more UST to be borrowed at that rate. Do 2M for each 0.1% upwards. So 2M for 5%, 2M for 5.1% ... Treat these lower flat borrow apy as cost to find the sweet spot.
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At some point, not all 2M will be borrowed out and the sweet spot for a flat borrow rate is found. Play around this % to find the spot that will work well with a flat earn rate APY. Build out the stabalizing algorithm for fixed and variable earn around the sweet spot.
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Probably stop doing top ups. Gives whales shorts plenty of ammo at the expense of growing terra usage.