Trying to understand what I will pay when I borrow.
I am planning on putting up Collateral Eth and Borrowing a stable coin.
When I go through the borrow screen it presents me with the current borrowing rate of the stable coin in this case about 4.3% and then a second APY rate for Compound of 3.4%.
So what is my real borrowing rate? Am I paying 4.3% Annual Percent per Year that is what I was expecting? Or, am I having to pay 4.3% stablecoin and 3.4% compound?
Is someone able to help clarify this for me?