APR & Utilization

Interest Rate Curve

APR figures are determined by utilization, at a higher utilization APR starts to increase to discourage borrowers and incentives lenders.

Take note that at 100% utilization, you cannot withdraw your tokens, but also enjoy very high APR figures.

The following assets use the curve below: USDC, USDT, SOL, SRM, MER, MEDIA, TULIP, SLRS, ALEPH, ROPE, COPE, SNY, Sollet ETH, ATLAS, POLIS

Utilization	Interest Rate (APR)	Approx Interest Rate (APY)
0%-50%	0%-15%	0%-16.18%
50%-90%	15%-25%	16.18%-28.39%
90%-100%	25%-100%	28.39%-171.46%

The following assets use the curve below: ORCA, whETH, mSOL, BTC, GENE, DFL, SAMO, REAL

Utilization	Interest Rate (APR)	Approx Interest Rate (APY)
0%-50%	0%-15%	0%-16.18%
50%-90%	15%-25%	16.18%-28.39%
90%-100%	25%-150%	28.39%-348.16%

We have implemented a more competitive curve for RAY lending found below, this is to ensure rates remain competitive enough due to RAY single staking APR.

Utilization	Interest Rate (APR)	Approx Interest Rate (APY)
0%-50%	0%-15%	0%-16.18%
50%-90%	15%-35%	16.18%-41.88%
90%-100%	35%-100%	41.88%-171.46%

Historical Lending Rates

You can find our dashboard here: https://grafana.tulip.garden/d/NfmOZZjnk/historical-interest-rates?orgId=1