set default rate to 8% (#722)

updating the default interest rate to 8% to better reflect current market connections
liquity · Jan 20, 2025 · f591ee5 · f591ee5
1 parent 02b87af
commit f591ee5
Showing 1 changed file with 1 addition and 1 deletion.
diff --git a/frontend/app/src/constants.ts b/frontend/app/src/constants.ts
@@ -20,7 +20,7 @@ export const MAX_ANNUAL_INTEREST_RATE = dn.from(2.5, 18); // 250% see contracts/
 
 export const INTEREST_RATE_MIN = 0.5; // 0.5% annualized
 export const INTEREST_RATE_MAX = 25; // 25% annualized
-export const INTEREST_RATE_DEFAULT = 4;
+export const INTEREST_RATE_DEFAULT = 8;
 export const INTEREST_RATE_INCREMENT = 0.1;
 
 export const ONE_DAY_IN_SECONDS = 24n * 60n * 60n;