How is Borrow APR for a currency calculated?Last Updated: September 16, 2019
Borrow APR for a currency = algorithmic based on reserve utilization. The following graph roughly resembles Nuo's dynamic Borrow APR
Reserve Utilization for a given currency= funds loaned out currently/ funds deposited in reserves for the currency
At any given time, if x-axis gives us the Reserve Utilization for a particular currency then y-axis gives us the borrow APR for that currency.