Sienna
  • Introduction
  • SiennaSwap
    • Rewards Contracts
    • How do the Rewards Work?
  • Wallets
  • Bridges
    • Available Bridges
    • Bridging SIENNA
    • Ethereum Bridge Guide
    • Binance Smart Chain Bridge Guide
    • Monero Bridge
  • Viewing Keys
    • How to Create Viewing Keys
    • How to Remove Viewing Keys
    • How to Import Existing Viewing Key
  • Contract Addresses
    • SiennaSwap LP Pools and Rewards Contracts
    • SiennaLend Markets and Rewards Contracts
  • IBC Wrapping
    • Supported Tokens
    • Links
    • How to Deposit/Withdraw IBC Tokens on SiennaSwap
    • How to Wrap/Unwrap IBC Tokens on SiennaSwap
  • SiennaLend
    • Overview
    • Rewards Contracts
    • Markets
    • Interest Model
    • Market Contract
    • Loan Repayment
    • Overseer Contract
    • Notes
    • SiennaLend User Guide
  • Audits
    • SIENNA
    • wSIENNA
    • Rewards V3
    • SiennaSwap V1
    • SiennaSwap V2
    • SiennaLend
    • SiennaLend updated code
  • Frequently Asked Questions
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  1. SiennaLend

Interest Model

SiennaLend Interest Model

SiennaLend uses a variable interest model.

Interest rates are dynamic and are calculated based on the utilization of a given market (how much of the supplied liquidity is available vs. borrowed). SiennaLend's interest model follows Compound Protocol's Jump Rate model.

Through Market contracts, accounts can supply capital (SNIP-20 tokens) to receive sl-Tokens or borrow assets from the protocol (while holding a collateral). The market contract tracks the balances and algorithmically sets interest rates.

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Last updated 3 years ago