Announcement on adjusting the lending interest rate of PUD

1 min readJul 28, 2021

Dear Kangaroos,

Due to the high APY of PUD in the Hoo Smart Chain ecosystem, the borrowing rate of PUD on the RooLend platform has been at 100% for a long time, resulting in PUD deposit users unable to withdraw their assets. In order to ensure the liquidity of deposit users, the following adjustments are made to the PUD pool:

1. Adjust the calculation method of fund utilization rate and borrowing interest rate, and increase the upper limit of borrowing interest rate from 120% to 200%.

2. The mining output ratio of the pool is adjusted from 4% to 3%, and the reduced weight is added to the EOS pool, that is, the mining output ratio of the EOS pool is increased from 4% to 5%.

3. The mining output ratio of deposits and loans in the PUD pool is adjusted to 55%: 45%, that is, deposit users can get more ROO mining rewards.

The above adjustments will take effect at 21:00 on July 28th, Singapore time.

Thank you for your trust and support!

RooLend.Finance Team