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Fixed UtilRateError formula #6

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Fixed UtilRateError formula #6

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2 changes: 1 addition & 1 deletion blend-whitepaper.md
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Expand Up @@ -136,7 +136,7 @@ _Figure 1: Interest rate curve examples for various asset classes where low curv
The Rate Modifier is a reactive value that adjusts the interest rate the pool charges for borrowing the asset to achieve a target utilization rate. The modifier slowly sums the error in utilization over time, compensating for any steady-state error as a result of the user-defined initial interest rates. The value is bounded between _\[0.1, 100]_ to limit the effective interest rate change possible and avoid potential integral windup that could cause instability. The updated modifier is calculated as follows:

$$
Util Rate Error = \Delta seconds * (U_T-U)
Util Rate Error = \Delta seconds * (U-U_T)
$$

$$
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