In WOWswap we like simplicity and precise math. Therefore, we took a new approach and introduced Hourly Interest Rate (HIR). Our target users — degens who want to buy promising tokens with 5X leverage — do not care too much about the cost of capital, because they won’t keep their long positions for too long: maybe a few days, or even hours if the market is up. For example, if HIR = 0.1%, a trader who borrows capital just for 1 day will end up paying “only” (1+0.01)²⁴-1 = 2.43%