Dynamic Interest Rate Calculation & Capping #7
Description
Description:
Develop a smart contract that dynamically calculates an optimal interest rate for lenders based on asset volatility and loan amount. The system should provide a recommended interest rate while allowing lenders to set their own rates within a reasonable range. A maximum cap should be enforced to prevent unreasonably high interest rates.
The task is completed when:
- A formula is implemented to calculate a recommended interest rate based on asset volatility and loan amount.
- Lenders can still manually set their own interest rate.
- A maximum interest cap is enforced to prevent extreme values (e.g., preventing 500%+ interest rates).
- The smart contract correctly stores and retrieves interest rate settings.
- Security measures are in place to prevent manipulation of interest calculations.
ETA: -------