The $USDXL dynamic rate controller in action. When USDXL is below peg, rates ramp up.
The best way to reduce the rate is to buy USDXL off the market, pushing peg up, reducing rate, then pay back at a discount to $1.
Of course, you reduce your points exposure. We're seeing just how much people value @HypurrFi points and their positions.
This is what points are for by the way, to get a perspective on market value, position value, and how users are pricing their positions vs their debt exposure. Active research with real value and real users is exquisite signal.
You can deposit $BTC, borrow $USDT at 10%, swap it for USDXL at a discount, and lend it to the $BUDDY isolated market for 33% until peg restores by the way. Hell of a trade.
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