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Borrowing rates

The pre-kink multiplier of a pool is
MxM_{x}
and post-kink is
MyM_{y}
. Additionally included (but set at 0 for all pools initially) is a fixed flat interest rate
FF
is managed through governance. Borrower’s interest rates are calculated using this formula:
BorrowRatea={F+PoolaUtilMxifPoolUtilUtiloptimalF+PoolaUtilMyifPoolUtil>Utiloptimal BorrowRate_{a} =\begin{cases}F + Pool_{a}Util* M_{x}\, if \,Pool Util \leq Util_{optimal}\\F + Pool_{a}Util* M_{y}\, if \,Pool Util > Util_{optimal}\end{cases}
UtiloptimalUtil_{optimal}
is set at 80% to begin in both stable coin pools as well as variable asset value tokens.