Optimal rate would be pegged to oracle to avoid massive spread in borrow and lend rates
microwavedcola1 opened this issue · 1 comments
microwavedcola1 commented
daffy from discord: Interest rate pegged to an interest rate oracle, the optimal rate would be pegged to oracle. We can still override it but it makes the lending markets more efficient. For example, the optimal rate of USDC is like 10% or something which causes massive spread in borrow and lend rates right now when market is not really willing to pay 10%.
microwavedcola1 commented
@dafyddd can switchboard independently do this oracle? who would publish to this oracle? and what would be the source of this data?