Module 1 · Lesson 4 · 8 min

Rewards are not interest

What you'll be able to do

  • Explain the difference between interest, a reward and a headline rate, on both the supply and the borrow side.
  • Calculate the break-even token price and break-even program length for a spread that relies on a reward.
  • Write the two kill lines this course's memo needs whenever a reward is counted.

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