Module 3 · Lesson 8 · 10 min

The adaptive curve

What you'll be able to do

  • Calculate a Morpho market's instant borrow rate from its utilization and its rate at target.
  • Calculate how far the rate at target walks in a given number of days, and derive the docs' 5-day and 10-day figures.
  • Explain why a market that spent a few days full can stay expensive for weeks after utilization looks normal.

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