Money Market Parameters
Asset | Reserve Factor (%) | Collateral Factor (%) | Close Factor (%) | Liquidation Penalty (%) | Base Rate (%) | Base Multiplier (%) | Kink Point (%) | Jump Multiplier (%) |
|---|---|---|---|---|---|---|---|---|
USDC | 5 -> 10 | 80 | 50 | 10 | 0 | 5 -> 7 | 85 -> 80 | 50 -> 100 |
USDT | 10 | 80 | 50 | 10 | 0 | 5 -> 7 | 85 -> 80 | 50 -> 100 |
DAI | 10 | 80 | 50 | 10 | 0 | 5 -> 7 | 85 -> 80 | 50 -> 100 |
TUSD | 10 | 80 | 50 | 10 | 0 | 5 -> 7 | 85 -> 80 | 50 -> 100 |
CRO | 10 | 80 -> 70 | 50 | 10 | 0 | 5 -> 8 | 80 | 50 -> 100 |
WETH | 20 | 75 | 50 | 10 | 3 | 10 | 75 | 50 |
WBTC | 20 | 75 | 50 | 10 | 3 | 10 | 75 | 50 |
TONIC | 15 | 20 | 50 | 10 | 3 | 20 -> 25 | 55 | 120 |
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.
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.
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.
Kink Point
Base Rate
Jump Multiplier
Last modified 4h ago