# Change interest rates for LlamaLend parameters on Ethereum

**URL:** <http://gov.curve.finance/t/change-interest-rates-for-llamalend-parameters-on-ethereum/10025>\
**Category:** Proposals\
**Created:** [April 1, 2024, 7:23am UTC](http://gov.curve.finance/t/change-interest-rates-for-llamalend-parameters-on-ethereum/10025 "2024-04-01T07:23:23Z")\
**Posts on this page:** 1\
**Showing post:** 1

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**Author:** ![michwill](http://gov.curve.finance/letter_avatar_proxy/v4/letter/m/8e8cbc/32.png) [@michwill](http://gov.curve.finance/u/michwill)\
**Post date:** [April 1, 2024, 7:23am UTC](http://gov.curve.finance/t/change-interest-rates-for-llamalend-parameters-on-ethereum/10025/1 "2024-04-01T07:23:24Z")

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**Summary** :

As the market became more sane, I propose to change monetary policies for LlamaLend on Ethereum once again. However, this time I attach a spreadsheet so that everyone can look at the reason for the numbers and try.

**Proposed changes** :

- WETH and tBTC markets: min\_rate=0.5%, max\_rate=25%
- wstETH: min\_rate=1%, max\_rate=30%
- CRV: min\_rate=3%, max\_rate=60%

**Reasoning**

Goal is to make borrow rate at 80% utilization to be approximately equal to current market rates. If rates change slightly (say, ± factor of 2) - same monetary policy should still work ok.

This model looks at other lend/borrow rates. Should we be doing that, or rather looking at perp funding rates? Discussions are welcome

**Model**

A simple “model” is made in a form of a [spreadsheet](https://docs.google.com/spreadsheets/d/1a9re3K8ThkIs1kuW5UQYTE0LSjpufhViF_aqzzy7X7M/edit?usp=sharing). For convenience, I attach screenshots.

ETH and tBTC market:

 ![Screenshot_2024-04-01_09-16-45](https://gov.curve.finance/uploads/default/original/2X/3/33ef3b668b9fd20e0f1b9cbf942a74b3e6527c01.png)

wstETH market:

 ![Screenshot_2024-04-01_09-16-50](https://gov.curve.finance/uploads/default/original/2X/8/88ad632a7128f52ef272e62248a6e9a335f1ac09.png)

CRV market:

 ![Screenshot_2024-04-01_09-16-54](https://gov.curve.finance/uploads/default/original/2X/3/3803131f3cca01c8be8a9faa8731e096b31d97b0.png)

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_[View the full topic](http://gov.curve.finance/t/change-interest-rates-for-llamalend-parameters-on-ethereum/10025)._