Interest Rate Model

Lending Rate：Fixed Rate+Floating Rate

The Lending Rate is determined by a triple-slope interest model.

Combining fixed interest rate + floating interest rate can more effectively improve the utilization.

USDT/BUSD/USDC Lending Rate：

Utilization: 0 - 40%，Fixed Rate: 12.5%

Utilization: 40% - 80%，Interest rate rises from 12.5% to 18%

Utilization: 80% - 100%，Interest rate rises from18% to 40%

ETH Lending Rate：

Utilization: 0 - 50%，Fixed Rate: 7.5%

Utilization: 50% - 80%，Interest rate rises from 7.5% to 16%

Utilization: 80% - 100%，Interest rate rises from 16% to 39%

BTC Lending Rate：

Utilization: 0 - 50%，Fixed Rate: 6%

Utilization: 50% - 80%，Interest rate rises from 6% to 15%

Utilization: 80% - 100%，Interest rate rises from 15% to 38%

MDX Lending Rate：

Utilization: 0 - 50%，Fixed Rate: 30%

Utilization: 50% - 80%，Interest rate rises from 30% to 60%

Utilization: 80% - 100%，Interest rate rises from 60% to 80%

BNB/WBNB Lending Rate：

Utilization: 0 - 50%，Fixed Rate: 15%

Utilization: 50% - 80%，Interest rate rises from 15% to 20%

Utilization: 80% - 100%，Interest rate rises from 20% to 50%

CAKE Lending Rate：

Utilization: 0 - 50%，Fixed Rate: 38%

Utilization: 50% - 80%，Interest rate rises from 38% to 70%

Utilization: 80% - 100%，Interest rate rises from 70% to 90%

Borrowing Rate

Borrowing Rate = Lending Rate * a, a = 1.3

a = 1.3: 1 is the Lending Rate, 0.3 is the Platform's rate of return. Then the 0.15(0.3/2) of platform revenue will distribute to DAO, the remaining 0.15 will distribute to Bagels team for operation.