These docs are a work in progress, and variables may be changed to adapt to the market. This page may at times be outdated, and we recommend checking the chain if you require certainty.
Last updated
| Variable Name | Description | Value |
|---|---|---|
| Variable Name | Description | Value |
|---|---|---|
swapFeeAPR
Protocol fee; charged to the recipient of USDC on cash->credit and credit-> cash swaps. Prorated based on credit tenor (the fee is annualized).
0.005e18 (0.5 %)
fragmentationFee
A fixed fee denominated in USDC taken upon partial exit by a lender.
1e6 (1 USDC)
crOpening
Opening collateral ratio; the minimum collateral ratio required when opening a loan.
1.5e18 (150%)
crLiquidation
Threshold at which a position becomes eligible for liquidation.
1.3e18 (130%)
minimumCreditBorrowAToken
Dust limit; the minimum loan size permitted.
10e6 (10 USDC)
borrowATokenCap
Maximum USDC able to be borrowed.
1_000_000e6 (1m USDC)
minMaturity
Minimum tenor
1 hour
maxMaturity
Maximum tenor
5 * 365 days (5 years)
liquidationRewardPercent
Percent of future value rewarded to the liquidator
0.05e18 (5%)
collateralProtocolPercent
Percent of remaining collateral kept by the protocol after liquidating an underwater position with a standard liquidation
0.1e18 (10%)
overdueCollateralProtocolPercent
Percent of remaining collateral kept by the protocol after liquidating a healthy but overdue position
0.01e18 (1%)
