A committee proposal was made to adjust the interest rate model for money markets in Hard Protocol. This proposal will increase the interest rate for borrowing an asset when more than 80% of the limit is utilized. This update is a step toward extending borrowing to other assets on Hard Protocol. Since the launch of Hard V2, there has been increasing demand from users to borrow BUSD. After increasing the borrow limit of BUSD from 2 million to 5 million, current utilization in BUSD is still at about 95% of that limit. The goal of this interest rate adjustment is to make it more expensive to borrow if utilization is near 100%. The interest rate model will be adjusted to increase APY interest by 5 percentage points for every 1 percent increase in utilization. 80% utiliziation = 4% APY 81% utiliziation = 9% APY 85% utiliziation = 29% APY 90% utiliziation = 54% APY 95% utiliziation = 79% APY 99% utiliziation = 99% APY

A committee proposal was made to adjust the interest rate model for money markets in Hard Protocol. This proposal will increase the interest rate for borrowing an asset when more than 80% of the limit is utilized. This update is a step toward extending borrowing to other assets on Hard Protocol. Since the launch of Hard V2, there has been increasing demand from users to borrow BUSD. After increasing the borrow limit of BUSD from 2 million to 5 million, current utilization in BUSD is still at about 95% of that limit. The goal of this interest rate adjustment is to make it more expensive to borrow if utilization is near 100%. The interest rate model will be adjusted to increase APY interest by 5 percentage points for every 1 percent increase in utilization. 80% utiliziation = 4% APY 81% utiliziation = 9% APY 85% utiliziation = 29% APY 90% utiliziation = 54% APY 95% utiliziation = 79% APY 99% utiliziation = 99% APY