
Clearpool Oracle Voting Results Announced for November 2024
Discover the latest Clearpool Oracle voting results, including updated optimal interest rates for AA-rated borrowers, as voted on by 13 participating Oracles in November 2024.
Author: Tanishq Bodh
Written On: Mon, 04 Nov 2024 09:33:37 GMT
Clearpool has announced the results of its latest Oracle voting round, concluded on November 1, 2024, and implemented on November 4, 2024. A total of 13 Oracles participated, voting on key parameters that determine the protocol’s interest rate curve, impacting borrower interest rates across the network.
Interest Rate Adjustments: Key Changes
- Optimal Interest Rate for AA-Rated Borrowers
The optimal interest rate (Ym) for AA-rated borrowers has been adjusted, dropping from 12.33% to 12%, aligning with current market conditions.
Voting Outcome and Parameters
For this epoch, Oracles cast their votes on three primary interest rate parameters:
- Y0 – Interest rate at 0% utilization
- Ym – Optimal interest rate at optimal utilization
- Y1 – Interest rate at 100% utilization
Votes within the optimal range (marked in blue) were considered successful and included in the weighted average calculation, while votes outside this range (marked in black) were excluded.
For the complete voting distribution, view Clearpool’s detailed breakdown here.
Trusted
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Related reads
Blocklance ($BLK) officially launches on February 18 at 5 PM UTC
Argentina President Faces Impeachment Calls After LIBRA Crypto Crash
Tether Acquires Minority Stake in Juventus to Bridge Crypto and Sports
US Senator Cynthia Lummis Hints at Bitcoin Reserves
Related reads
Blocklance ($BLK) officially launches on February 18 at 5 PM UTC
Argentina President Faces Impeachment Calls After LIBRA Crypto Crash
Tether Acquires Minority Stake in Juventus to Bridge Crypto and Sports
US Senator Cynthia Lummis Hints at Bitcoin Reserves