Announcement about Pilot interest adjustment
Last updated
Last updated
The latest liquidity TVL of Pilot leveraged farming is more than $60 million. With the rapid growth of leveraged loans, we find that USDT, MDX, and other currencies have a very high utilization rate. In order to protect the interests of depositors and loan users, the team decided to make this dynamic interest adjustment. The adjusted interest on synthetic assets is:
Note: when the funds' utilization rate is close to the inflection point value, the current annualized interest is the annualized interest of the last stage.
Currently, as to the depositors, they will get the rewards not limited to the interest of synthetic assets, but also the PTD rewards of non-principal loss farming. The next step for the team is planning to open the V2 non-principal loss farming pools for a part of the currencies that have the high utilization rate, providing the higher non- principal loss farming returns for the depositors.
Funds utilization rate
Annualized interest
0 - 50%
10%
50% - 75%
20%
75% - 95%
30%
95%- 100%
40%