From 0ff97e2c094e4ecd20455cf143252515e76fa44e Mon Sep 17 00:00:00 2001
From: Robin Olthuis <70903912+Robeartt@users.noreply.github.com>
Date: Thu, 12 Jun 2025 17:43:44 +0200
Subject: [PATCH] Fixed UtilRateError formula

---
 blend-whitepaper.md | 2 +-
 1 file changed, 1 insertion(+), 1 deletion(-)

diff --git a/blend-whitepaper.md b/blend-whitepaper.md
index 838ad9d..2521c50 100644
--- a/blend-whitepaper.md
+++ b/blend-whitepaper.md
@@ -136,7 +136,7 @@ _Figure 1: Interest rate curve examples for various asset classes where low curv
 The Rate Modifier is a reactive value that adjusts the interest rate the pool charges for borrowing the asset to achieve a target utilization rate. The modifier slowly sums the error in utilization over time, compensating for any steady-state error as a result of the user-defined initial interest rates. The value is bounded between _\[0.1, 100]_ to limit the effective interest rate change possible and avoid potential integral windup that could cause instability. The updated modifier is calculated as follows:
 
 $$
-Util Rate Error = \Delta seconds * (U_T-U)
+Util Rate Error = \Delta seconds * (U-U_T)
 $$
 
 $$