Yield accumulates to depositors continuously in the form of additional mTokens (e.g. mcUSD, mcEUR, mCELO). The interest rate earned by depositors is a function of market utilization. As the utilization of a market (i.e. ratio of demand from borrowers to supply from depositors) increases, the interest rate charged to borrowers increases, and the yield paid to depositors increases. As the utilization of a market decreases, the interest rate charged to borrowers decreases, and the yield paid to depositors decreases. Additionally, depositors earn yield paid by flash loan borrowers who pay a fixed fee of 9bps.