DeFi lending protocol OpenLeverage launches interest rate model adjustment proposal

Odaily Planet Daily News DeFi lending agreement OpenLeverage launched a proposal to adjust the interest rate model. The proposal stated that the current model of increasing the maximum rate at an annual rate of 20% is not enough to keep up with market changes, and the new model will adjust the maximum rate more sensitively according to the utilization rate of funds. When the utilization rate of each fund pool reaches the critical value of the interest rate model, the maximum borrowing rate will increase by 20% every 12 hours. This process will continue until the maximum value of 2000%. Conversely, when it is below the critical value, the maximum rate will be reduced by 30% every 12 hours until the predefined minimum is reached.