CS Note 8.9: No Interest Paid on Pending Redistributions

[bingen]

When a liquidation causes a redistribution, the redistributed debt is accounted for in the DefaultPool.
Whenever a trove is touched, its pending redistributions are moved from the DefaultPool to the trove.

Note that no interest is paid on pending redistributed debt. Interest will only start accruing once the debt is moved to the trove.

Also note that the approximate interest rate calculated for the upfrontfee ignores the pending redistributed debt. As the pending debt has an interest rate of 0%, the average interest rate can therefore be higher than the effective interest rate paid on all outstanding BOLD.