Since there's a lot of uncertainty over the project currently from the vote on Subscan the interest rates have gone up on the money market. Ideally, we should target approximately 4.5% or so for USDT and USDC. To achieve that we need to attract more capital, by ensuring investors we will have a functional block explorer, and there won't be any clever tricks pulled off by INTR stakers. So, what's the plan to reduce uncertainty?
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29d ago
I thought these rates were set by arbitrageurs working the price differences? I don't think a high rate for these are particularly bad for the system and having an active arbitrage community (one we appear to be lacking on the Kintsugi side) is indicative of a healthy community. One could argue that these profits would be better going to the protocol (and I would argue that) but external actors are better than nothing. I am setting up a community to look at different types of MEV (of which arbitrage is the main one IMO) and would welcome any feedback from anyone on this subject :)