The lending rates are always evolving based on supply and demand. For each reserve the Lending Rate at times T depends on the Utilisation rate. -When capital is available: low interest rates to encourage loans. -When capital is scarce: high interest rates to encourage repayments of loans and additional deposits. you can find full info here https://docs.aave.com/risk/liquidity-risk/borrow-interest-rate You can check the details of the model https://docs.aave.com/risk/liquidity-risk/borrow-interest-rate
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