Dear Paribus Governance Forum,
We are excited to present a proposal aimed at optimizing the USDT (Tether) market parameters on our platform. Through careful analysis of market dynamics, we believe these adjustments will contribute to a more robust and responsive ecosystem for our community.
Challenges and Considerations:
The USDT market requires precise calibration of parameters to ensure stability and efficiency. Our proposal addresses this challenge by strategically adjusting key parameters to better align with market demand and maintain a healthy balance between borrowing and supplying.
Current USDT parameters:
| Parameter | Value |
|---|---|
| Base Rate Per Block | 0 |
| Multiplier Per Block | 213898984920 / 1e18 |
| Jump Multiplier Per Block | 427797969841 / 1e18 |
| Kink | 500000000000000000 / 1e18 |
| Reserve Factor | 7500000000000000 / 1e18 |
New USDT Parameters:
| Parameter | Value |
|---|---|
| Base Rate Per Block | 0 |
| Multiplier Per Block | 43118984920 / 1e18 |
| Jump Multiplier Per Block | 137797969841 / 1e18 |
| Kink | 400000000000000000 / 1e18 |
| Reserve Factor | 100000000000000000 / 1e18 |
Utilization rates for the new USDT parameters:
| Utilization Rate | Borrow Rate (Annual) | Supply Rate (Annual) |
|---|---|---|
| 0% | 0.00% | 0.00% |
| 1% | 0.11% | 0.00% |
| 2% | 0.23% | 0.00% |
| 3% | 0.34% | 0.01% |
| 4% | 0.45% | 0.02% |
| 5% | 0.57% | 0.03% |
| 6% | 0.68% | 0.04% |
| 7% | 0.80% | 0.05% |
| 8% | 0.91% | 0.07% |
| 9% | 1.03% | 0.08% |
| 10% | 1.14% | 0.10% |
| 11% | 1.25% | 0.12% |
| 12% | 1.37% | 0.15% |
| 13% | 1.48% | 0.17% |
| 14% | 1.60% | 0.20% |
| 15% | 1.71% | 0.23% |
| 16% | 1.83% | 0.26% |
| 17% | 1.95% | 0.30% |
| 18% | 2.06% | 0.33% |
| 19% | 2.18% | 0.37% |
| 20% | 2.29% | 0.41% |
| 21% | 2.41% | 0.45% |
| 22% | 2.52% | 0.49% |
| 23% | 2.64% | 0.54% |
| 24% | 2.76% | 0.59% |
| 25% | 2.87% | 0.64% |
| 26% | 2.99% | 0.69% |
| 27% | 3.11% | 0.75% |
| 28% | 3.22% | 0.80% |
| 29% | 3.34% | 0.86% |
| 30% | 3.46% | 0.92% |
| 31% | 3.58% | 0.98% |
| 32% | 3.69% | 1.05% |
| 33% | 3.81% | 1.12% |
| 34% | 3.93% | 1.19% |
| 35% | 4.05% | 1.26% |
| 36% | 4.16% | 1.33% |
| 37% | 4.28% | 1.41% |
| 38% | 4.40% | 1.48% |
| 39% | 4.52% | 1.56% |
| 40% | 4.64% | 1.65% |
| 41% | 5.02% | 1.82% |
| 42% | 5.40% | 2.01% |
| 43% | 5.78% | 2.20% |
| 44% | 6.16% | 2.40% |
| 45% | 6.55% | 2.60% |
| 46% | 6.93% | 2.81% |
| 47% | 7.32% | 3.03% |
| 48% | 7.71% | 3.26% |
| 49% | 8.10% | 3.50% |
| 50% | 8.49% | 3.74% |
| 51% | 8.89% | 3.99% |
| 52% | 9.28% | 4.24% |
| 53% | 9.68% | 4.51% |
| 54% | 10.08% | 4.78% |
| 55% | 10.48% | 5.06% |
| 56% | 10.88% | 5.34% |
| 57% | 11.28% | 5.64% |
| 58% | 11.68% | 5.94% |
| 59% | 12.09% | 6.25% |
| 60% | 12.49% | 6.56% |
| 61% | 12.90% | 6.89% |
| 62% | 13.31% | 7.22% |
| 63% | 13.72% | 7.56% |
| 64% | 14.14% | 7.91% |
| 65% | 14.55% | 8.27% |
| 66% | 14.96% | 8.64% |
| 67% | 15.38% | 9.01% |
| 68% | 15.80% | 9.39% |
| 69% | 16.22% | 9.78% |
| 70% | 16.64% | 10.18% |
| 71% | 17.06% | 10.59% |
| 72% | 17.49% | 11.01% |
| 73% | 17.91% | 11.44% |
| 74% | 18.34% | 11.87% |
| 75% | 18.77% | 12.31% |
| 76% | 19.20% | 12.77% |
| 77% | 19.63% | 13.23% |
| 78% | 20.07% | 13.70% |
| 79% | 20.50% | 14.18% |
| 80% | 20.94% | 14.67% |
| 81% | 21.38% | 15.17% |
| 82% | 21.82% | 15.68% |
| 83% | 22.26% | 16.20% |
| 84% | 22.70% | 16.73% |
| 85% | 23.15% | 17.27% |
| 86% | 23.60% | 17.82% |
| 87% | 24.04% | 18.38% |
| 88% | 24.49% | 18.95% |
| 89% | 24.95% | 19.53% |
| 90% | 25.40% | 20.12% |
| 91% | 25.85% | 20.72% |
| 92% | 26.31% | 21.34% |
| 93% | 26.77% | 21.96% |
| 94% | 27.23% | 22.60% |
| 95% | 27.69% | 23.24% |
| 96% | 28.15% | 23.90% |
| 97% | 28.62% | 24.57% |
| 98% | 29.08% | 25.25% |
| 99% | 29.55% | 25.95% |
| 100% | 30.02% | 26.65% |
Our proposal aims to enhance the USDT market parameters on Paribus, offering the following benefits:
- Improved Stability: By adjusting parameters to better reflect market demand, we aim to enhance stability within the USDT market, providing a more reliable environment for users to engage with.
- Enhanced Efficiency: The proposed changes will promote better capital efficiency within the USDT market, allowing users to benefit from competitive rates and increased returns on their assets.
We invite all members of the Paribus Governance Community to review and contribute to this proposal. Your feedback is crucial in shaping the future of our platform.
Sincerely,
The Paribus Team