📊Interest Rate Model

When SummerTime initially launches, it will allow LPs to borrow at an interest rate of 0%, which means that borrowers will not have to pay any interest on the amount they borrow.

However, as the product evolves, it will eventually adopt a quadratic interest model, which means the interest rate will be based on the total amount borrowed in the platform. This quadratic interest model will have a maximum interest rate of 4.5%, which means that borrowers will have to pay up to 4.5% interest on the amount they borrow, depending on the amount borrowed.

In summary, while the product initially launches with a 0% interest rate for borrowers, it will eventually adopt a quadratic interest model that caps out at a maximum interest rate of 4.5% based on the amount borrowed.