# Interest Rates Interest rates on Granite are variable and set dynamically based on an interest rate curve and the utilization rate of the market. Interest accrues continuously but is only charged upon position repayment. There are no origination fees or hidden fees on Granite. All fees and rates are transparently displayed in the interface. The rate received by LPs is the borrowers’ interest rate minus the Protocol Reserve rate. LP yield is split between staked and unstaked LPs depending on the staking rate in the Safety Module. The current interest rate curve is displayed in the Markets section. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.granite.world/protocol-mechanics/interest-rates.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.