Yama has implemented dynamic interest rates for borrowers based on current PSM utilization. Interest is calculated as a linear piecewise function. Note that there is a minimum and maximum interest rate, which are set to 0% and 60% respectively as of June 17, 2023. Do note that interest is updated by InterestCollateralManager.setInterestRates(), which is triggered when collateral is added/removed (including leverage actions). It is not necessarily triggered when users lend/withdraw or swap without using the PSM, so the interest may deviate from the expected value.
Rates vary depending on collateral type.
|PSM Utilization (%)||MooGLP Interest (%)||ARB Interest (%)||YPlvGLP Interest (%)||jGLP Interest (%)||YSnrLLP Interest (%)|
|0 - 85||0 - 8||0 - 8||0 - 13||0 - 15||0 - 15|
|85 - 90||8 - 15||8 - 15||13 - 25||15 - 25||15 - 25|
|90 - 100||15 - 80||15 - 80||25 - 80||25 - 80||25 - 80|