Bagels Finance
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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.