Supply
Last updated
Last updated
MORE Markets provides a facility for users to deposit tokens and earn yield on those holdings, while also granting the flexibility to treat the very same deposits as collateral for borrowing. Once tokens are transferred into MORE’s on-chain contracts, responsible for managing overcollateralized loans, depositors begin accruing interest.
The protocol’s interest mechanism is anchored in the utilization rate, the percentage of the market that is currently borrowed compared to what has been supplied. Alongside utilization, certain parameters, like collateral thresholds or rate curve factors, can be updated by market creators. Real-time data, including token inventory, price oracles, and ongoing borrow levels, inform these decisions. As users supply liquidity, take out loans, repay debts, or withdraw funds, the protocol recalibrates the interest structure, rewarding suppliers in proportion to evolving supply-and-demand conditions.