Financials

Key assumptions
BEAR CASE
BULL CASE
BULL/BEAR
Next bull TVL / current defi TVL
n.a.
n.a.
10
Average borrow rate
5%
10%
2
Stablecoin reserve factor
n.a.
n.a.
10%
Average reserve factor
15%
15%
15%
Stablecoin agnostic supply
Stablecoins as % of supply/borrow
50%
50%
1
Opt-in % for stablecoin agnostic supply
n.a.
n.a.
50%
Capital efficiency gain stablecoin agnostic supply
100%
100%
1
Utilise excess liquidity
Excess liquidity
10%
10%
Yield on excess
1%
3%
Undercollaterized loans / leveraged yield farming:
Deployed assets ($m)
15
150
10
Return on deployed assets
1%
3%
3
Fee on return on deployed assets
10%
10%
1
Extra liquidations
n.q.
n.q.
n.q.