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Money Market Parameters

Main Pool Live Parameters (as of 21 May 2023)
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 
​
​
Definitions
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
Please see the explanation of Tectonic's jump rate interest rate model here​
Kink Point
Please see the explanation of Tectonic's jump rate interest rate model here​
Jump Multiplier
Please see the explanation of Tectonic's jump rate interest rate model here​
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

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

Protocol - Previous

Liquidation Mechanism

Isolated Pool Parameters

Last modified 20d ago