Aave Lowers Tether USDt Borrowing Rate Threshold to 92%

Aave lowered the point where borrowing rates steepen for Tether USDt (USDT) on its Ethereum Core market from 94% to 92% on Oct. 21, following an Oct. 20 recommendation from LlamaRisk. The recommendation, dated Oct. 20, would move the threshold from 94% to 92%. It would leave the base rate and both rate-curve slopes unchanged, putting the modeled rate at 4.50% at the new threshold and 14.50% at full utilization. The change took effect on Oct. 21. At 85.6% utilization in the Oct.

Source: TokenPost