OLD: V1-V2 Pools

This page refers to the information about old V1-V2.1 pools.

Dashboard: How to Earn

The pools below are the old V1-V2.1 ones.

Asset	Contract Address
ETH (WETH)	0xB03670c20F87f2169A7c4eBE35746007e9575901
wstETH	0xB8cf3Ed326bB0E51454361Fb37E9E8df6DC5C286
USDC	0x86130bDD69143D8a4E5fc50bf4323D48049E98E4
DAI	0x24946bCbBd028D5ABb62ad9B635EB1b1a67AF668
FRAX	0x79012c8d491dcf3a30db20d1f449b14caf01da6c
WBTC	0xB2A015c71c17bCAC6af36645DEad8c572bA08A08

How was APY calculated in V1-V2.1?

Capital is required for traders and farmers to get leverage for their financial operations. For this, there are Liquidity Pools: anyone can become a liquidity provider by supplying assets in the Liquidity Pool. The profitability of LPs depends on the pool utilization ratio U - the higher utilization, the higher interest rate. See a bit more on the Protocol Fees page.

Borrow APY is calculated according to formula

$$r(t) = \begin{cases} r_0 + \frac{U(t)}{U_1}\left(r_1-r_0\right), & U(t) \le U_1\\ r_1 + \left(U(t)-U_2\right)\frac{r_2-r_1}{U_2-U_1}, & U(t) \in (U_1,U_2].\\ r_2 + \left(U(t)-U_2\right)\frac{r_3-r_2}{1-U_2}, & U(t) > U_2.\\ \end{cases}$$

Asset pool	r_0	r_1	r_2	r_3	U_1	U_2
USDC	0	1	1.25	100	70	90
DAI	0	1	1.25	100	70	90
FRAX	0	1	1.25	100	70	90
wstETH	0	2	2.5	60	70	90
ETH	0	2	2.5	60	70	90
WBTC	0	2	2.5	60	70	90

V2-V2.1 Pool Caps

Asset	Pool max	Min pers borrow	Max pers borrow
USDC	N/A	60,000 USDC	1,000,000 USDC
DAI	N/A	60,000 DAI	1,000,000 DAI
FRAX	N/A	100,000 FRAX	1,000,000 FRAX
wstETH	N/A	75 wstETH	600 wstETH
WETH	N/A	30 WETH	600 WETH
WBTC	N/A	2 WBTC	50 WBTC

Latest update: pool limits are effectively lifted. Any actual caps are just required by the architecture to have *some* number and can be lifted without a vote if the TVL approaches them. As for the min-max personal borrow limits, they have been established by another vote: GIP-21, then GIP-71.