Two slopes

A stored Aave rate reads 52,000,000,000,000,000,000,000,000 in ray. What is it as a percent?

• 52%
• 5.2%
• 0.52%

A borrow rate you see is higher than base + slope 1. What does that tell you?

• The market is below the kink
• The market is above the kink, on the steep slope
• The curve's parameters must have changed