Autonomous Interest Rate refers to a mechanism in certain blockchain-based financial systems where interest rates are determined algorithmically without central authority intervention. This allows for a more dynamic adjustment of rates in response to supply and demand factors in the market.These rates typically adjust based on the level of assets locked in a protocol, user participation, and other economic indicators. For example, if more users are borrowing from a decentralized lending platform, the interest rates may rise to balance supply and demand. Conversely, if borrowing decreases, rates may drop.This system aims to create a fairer and more transparent financial environment, as all adjustments are made based on predetermined algorithms rather than human decision-making. As a result, users can have a clearer understanding of how rates may change and can make informed financial decisions.Overall, Autonomous Interest Rates contribute to the resilience and efficiency of decentralized finance (DeFi) by removing intermediaries and allowing for real-time market-based adjustments.