Borrower Dynamics Sample Clauses

Borrower Dynamics. A borrower’s balance, including accrued interest, is simply the ratio of the current index divided by the index when the user’s balance was last checkpointed. The balance for each borrower address in the uToken is stored as an account checkpoint. An account checkpoint is a Solidity tuple <uint256 balance, uint256 interestIndex>. This tuple describes the balance at the time interest was last applied to that account.