WhitePaperInterestRateModel
Compound's WhitePaperInterestRateModel Contract
The parameterized model described in section 2.4 of the original Compound Protocol whitepaper
Solidity API
multiplierPerBlock
The multiplier of utilization rate that gives the slope of the interest rate
baseRatePerBlock
The base interest rate which is the y-intercept when utilization rate is 0
constructor
Construct an interest rate model
Parameters
baseRatePerYear
uint256
The approximate target base APR, as a mantissa (scaled by EXP_SCALE)
multiplierPerYear
uint256
The rate of increase in interest rate wrt utilization (scaled by EXP_SCALE)
getBorrowRate
Calculates the current borrow rate per block, with the error code expected by the market
Parameters
cash
uint256
The amount of cash in the market
borrows
uint256
The amount of borrows in the market
reserves
uint256
The amount of reserves in the market
badDebt
uint256
The amount of badDebt in the market
Return Values
[0]
uint256
The borrow rate percentage per block as a mantissa (scaled by EXP_SCALE)
getSupplyRate
Calculates the current supply rate per block
Parameters
cash
uint256
The amount of cash in the market
borrows
uint256
The amount of borrows in the market
reserves
uint256
The amount of reserves in the market
reserveFactorMantissa
uint256
The current reserve factor for the market
badDebt
uint256
The amount of badDebt in the market
Return Values
[0]
uint256
The supply rate percentage per block as a mantissa (scaled by EXP_SCALE)
utilizationRate
Calculates the utilization rate of the market: (borrows + badDebt) / (cash + borrows + badDebt - reserves)
Parameters
cash
uint256
The amount of cash in the market
borrows
uint256
The amount of borrows in the market
reserves
uint256
The amount of reserves in the market (currently unused)
badDebt
uint256
The amount of badDebt in the market
Return Values
[0]
uint256
The utilization rate as a mantissa between [0, MANTISSA_ONE]
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