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Money Market Parameters
Asset | Reserve Factor (%) | Liquidation Penalty (%) | Close Factor (%) | Jump Multiplier (%) | Base Multiplier (%) | Base Rate (%) | Kink Point (%) | Collateral Factor (%) | Supply Cap | Borrow Cap |
---|---|---|---|---|---|---|---|---|---|---|
USDC | 10 | 10 | 50 | 100 | 7 | 0 | 80 | 80 | 0 | 0 |
USDT | 10 | 10 | 50 | 100 | 7 | 0 | 80 | 80 | 0 | 0 |
DAI | 10 | 10 | 50 | 100 | 7 | 0 | 80 | 80 | 0 | 0 |
CRO | 10 | 10 | 50 | 100 | 7 | 0 | 80 | 70 | 0 | 0 |
WETH | 20 | 10 | 50 | 50 | 10 | 3 | 75 | 75 | 0 | 0 |
WBTC | 20 | 10 | 50 | 50 | 10 | 3 | 75 | 75 | 0 | 0 |
TONIC | 15 | 10 | 50 | 120 | 25 | 3 | 55 | 20 | 50 Trn TONIC | 0 |
ATOM | 10 | 10 | 50 | 100 | 15 | 3 | 80 | 70 | 50,000 ATOM | 0 |
ADA | 20 | 10 | 50 | 50 | 5 | 3 | 65 | 70 | 0 | 0 |
VVS | 15 | 10 | 50 | 120 | 25 | 3 | 55 | 55 | 0 | 0 |
XRP | 20 | 10 | 50 | 50 | 5 | 3 | 65 | 70 | 260,000 XRP | 0 |
LTC | 20 | 10 | 50 | 50 | 5 | 3 | 65 | 70 | 500 LTC | |
Reserve Factor
- The percentage of the spread between borrower's and lender's interest rates that accrues to the Tectonic protocol's treasury. It is made to sustain the protocol and pay protocol contributors.
- Example: Reserve factor of 20% means that 20% of the interest paid on the asset is for the protocol.
Collateral Factor
- The maximum that can be borrowed on a particular asset.
- Example: CRO collateral factor is 50%, if the price of CRO is $100, the maximum that can be borrowed using CRO as collateral is $50 in other assets.
Close Factor
- The maximum amount that can be liquidated in a single transaction.
- Example: 50% Close Factor means that a maximum of 50% of an account's borrow that is enabled as collateral can be repaid in a single liquidate transaction.
Liquidation Penalty
- The Liquidation Fee is 10% with 7.2% going to liquidators as an incentive to perform liquidations and to keeping the protocol solvent, while the remaining 2.8% goes to Tectonic's treasury.
- The funds accruing to Tectonic are used for expenses related to protocol maintenance (such as operating expenses) and to fund further developments.
Base Rate
Kink Point
Jump Multiplier
Supply Cap
- The maximum total amount that users can supply to that specific market
Borrow Cap
- The maximum total amount that users can borrow from that specific market
Last modified 20d ago