Hello all !
Welcome to Fennec; a reliable and delta-neutral interest rate for your stable coins.
The current Fennec Rate is a reflection of market conditions, as the interest is derived from over priced derivatives in the market. In other words:
High APY => Bullish market sentiment.
Low APY => Bearish market sentiment.
THIS is why we want Fennec to be a benchmark / reference interest rate before being a frequently used interest rate.
Take care, and stay safe !
Visit us at: Fennec.pro
Socials: @Fennec_Finance