Interest rate

Utilization ratio

$$Utilization Ratio=(TotalBorrowed/PoolLiquidity)*100$$

Deposit APR

$$DepositAPR=BorrowAPR∗(1−reserveFactor)$$

• Plus pool depositor and Long/Short position depositor will pay 80% of the accumulated interest earnings to a Lender, 20% will be set aside as reserves, and will later be used as a reserve fund for KSP Buyback & Burn.

• reserve Factor = 0.2

Borrow APR

$$BorrowAPR=BorrowingRateModel*Utilization$$

Borrowing Rate Model

*Please note the MBX, AZIT interest rate model is different from other tokens.

KLAY / KSP / WEMIX / BORA / oETH / oUSDT / oUSDC / KDAI / oXRP / oORC / oMESH / oTON

Utilization Ratio	Borrowing Rage Range	Logic
0%~60%	0%~20%	Borrowing Rate = Utilization / 3
60%~90%	20%	Borrowing Rate = 0.2
90%~100%	20%~100%	Borrowing Rate = Utilization * 8 - 7

MBX

Utilization Ratio	Borrowing Rate Range	Logic
0%~60%	0%~20%	Borrowing Rate = Utilization / 3
60%~90%	20%	Borrowing Rate = 0.2
90%~100%	20%~300%	Borrowing Rate = Utilization * 28 - 25

AZIT

Utilization Ration	Borrowing Rate Range	Logic
0%~60%	0%~100%	Borrowing Rate = Utilization*5/3
60%~90%	100%	Borrowing Rate = 1
90%~100%	100%~500%	Borrowing Rate = Utilization*40-35