Introducing Profit-Sharing Primitive: The Equilibrium to Incentivize Borrowers and Lenders Through Alpha Chambers and Alpha Homora
The existing money market faces scalability issues due to its dependence on the interest rate model (IRM), which leads to misaligned incentives between borrowers and lenders and thus limits profit potential for both parties. While lenders strive for a high utilization rate to increase their profits, borrowers aim for a