Market and Account State
Market State Parameters
Exchange Rate
The exchange rate between a lToken and its underlying asset is perpetually increasing as interest is accrued in the market through borrowing activity. The exchange rate between the lToken and its underlying asset is equal to:
Cash
Cash is defined as the total amount of underlying assets owned by the lToken contract. The amount of cash in any supported market can be queried by the user.
Total Borrows
Total borrows is equal to the total amount of underlying assets currently loaned out in the market. Total borrows is the primary driver of the accrued interest paid to asset suppliers.
Borrow Rate
The current borrow rate per block is the amount multiple by your current borrow balance to return your interest accrued on a given block and can be queried by the user at any time.
Total Supply
The total supply is equal to the total amount of lTokens circulating in any given market and can be queried by the user at any time.
Supply Rate
Total Reserves
The total reserves are a portion of historical accrued interest that is set aside in each market as cash that can be withdrawn or transferred by the. The Reserve Factor is unique to each market determines the amount of accrued borrow interest that is set aside.
Account State Parameters
Borrow Balance
Underlying Balance
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