Is borrow net apr "locked in" at time of borrow?


First time i’ve seen Anchor borrow rate positive since Dec. If i borrow, will I lock in the net apr rates, or does it change dynamically.

If its the former, that means i’m incentivized to borrow now (or basically wait everytime its positive). If its the later, i guess i doesnt really matter when i borrow, it’ll eventually be negative.

You get the reward per block, and the amount is calculated live, there’s no lock in mechanics. APR is positive now due to two things, a sharp fall in price promoted some liquidations and run to safety, ANC price is going up. The distribution APR is calculated in an UST denom, but you get paid in ANC, so if ANC price falls and you sell, you got less, but if it goes up you get more.