Introducing Leverage Interest Rate to Incentivize pBTC Stability

  • The pBTC interest rate will be determined by the imbalance ratio of pBTC:renBTC in the stable swap markets
  • A pBTC stable vault may have liquidation events if accrued interest dips the collateral ratio below 100.5%
  • The leverage interest rate will start on July 4th, 2022
  • Saber renBTC:pBTC
  • Serum renBTC:pBTC
  • pBTC ask orders <= 0.995 SOL (selling 1 pBTC for 0.995 renBTC) will be considered in pBTCReserve
  • pBTC bid orders <= 1.005 SOL (selling 1 renBTC for 1.005 pBTC) will be considered in renBTCReserve

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