With demand for leverage increasing, we have often seen borrow rates spike to high double digits.

16 Oct 2023, 13:37
With demand for leverage increasing, we have often seen borrow rates spike to high double digits. This in turn leads to panic closure of accounts as net APYs turn negative. Now, this all changes with GIP-76's two point curve model. Less steep spikes, less panic, better P&Ls 🧵👇

Same news in other sources

2
16 Oct 2023, 13:37
That's how the two point interest rate curve will help provide a better user experience on Gearbox. So go ahead, lend passively or access leverage on your favourite DeFi pools. If you are wondering where to start, our Curve V2 pools generate some of the highest DeFi yields. ⚙️🧰
That's how the two point interest rate curve will help provide a better user experience on Gearbox.
That's how the two point interest rate curve will help provide a better user experience on Gearbox. So go ahead, lend passively or access leverage on your favourite DeFi pools. If you are wondering where to start, our Curve V2 pools generate some of the highest DeFi yields. ⚙️🧰
16 Oct 2023, 13:37
On the other hand, lending gets a small boost on longer term supply. But it's quite easy to see why lending through Gearbox is worth it ⚙️ Single asset deposit without IL ⚙️ Consistent Rates ⚙️ $GEAR LM ⚙️ Truly passive & 0 fee You can always lend here:
On the other hand, lending gets a small boost on longer term supply.
On the other hand, lending gets a small boost on longer term supply. But it's quite easy to see why lending through Gearbox is worth it ⚙️ Single asset deposit without IL ⚙️ Consistent Rates ⚙️ $GEAR LM ⚙️ Truly passive & 0 fee You can always lend here: https://t.co/sphd0AUGyB