STBL Borrow Rate
STBL Borrow Rate Program.
The STBL interest rate will be increased by 0.25% daily when the 24-hour moving average of the STBL to USDC exchange rate is below 0.990. The STBL interest rate will likewise be decreased by 0.25% daily when the 24-hour moving average STBL / USDC rate is above 1.01.
When the 24-hour moving average STBL / USDC rate is "in range" which is defined as between 0.995 and 1.005, the interest rate will be adjusted toward the STBL target rate. The STBL target rate is 0.50% below the USDC borrow rate at optimal utilization.