Monetary Policies: Overview
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These are LlamaLend v1 monetary-policy contracts. LlamaLend v2 markets configure a policy through the Configurator.
Lending markets use monetary policies to determine interest rates. Each market has its own policy contract.
Currently, there are two different kinds of policy contracts in use:
SemilogMonetaryPolicy.vySemi-logarithmic monetary policy based on the utilization of lending markets.
SecondaryMonetaryPolicy.vyA monetary policy that follows the rate of crvUSD mint markets based on the utilization of the market.