Hello everyone,

I agree with you on one thing: VIR can move up and down like that. It needs to have some kind of stability if it is to be chosen first.

So, starting from today (in a few hours), the way variable rate is calculated will be different:

It will be a pondered average of all opened loans (VIR or not). If fixed rate, then this rate is taken into account). If VIR, then the rate used for the calculation will be an average of the VIR of the last 60 days.

This way, if something like yesterday happens, where most of loans are VIR, then the rate will stay very stable, because only some marginal loans will be at high rates while most of the others will stay at "normal" one.

This is a first step. The second will be to allow you to set a max daily rate for your orders.

I think this will have a great stabilizing effects on rates.


I'll still let the VIR get chosen first, if only because they will now probably be the most interests offers during price increase.

If you have any more suggestions don't hesitate to post

Best regards
Raphael and the Bitfinex team