I’d want to see an increase in the average rate as well. I am going to post the same thing on Wintermute’s thread as I don’t think 10mm at 11ish is the best use of funds.
Going off some recent threads:
https://forum.truefi.io/t/truefi-community-demand-for-higher-interest-rate/278/5
Folkvang upped theres from 11-something to 13.1% Folkvang borrow request
Bastion came in at 14.5% w/ some explanation Bastion Trading Group Borrowing Request
Interest rate proposal: our proposal reflects a rate we believe is competitive to other unsecured lending protocols such as Celsius (average of in-kind rate and in CEL reward rate is about 14.52%.) Further, we believe in current market conditions a material spread such as +3% to +5% should be paid over say Curve Y pool. With the current Y pool paying an annualized 10% APY (without the CRV reward), we figure that a 14.5% rate would be reasonable using both metrics.