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Money Market Parameters

Main Pool Live Parameters (as of May 2025)

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

0

LCRO

15

10

50

200

25

3

60

70

0

0

cdcBTC

20

10

50

100

15

3

60

70

147 cdcBTC

0

cdcETH

20

10

50

100

15

3

60

70

200 cdcETH

0

USC

15

10

50

100

10

0

70

75

0.5 Million USC

0

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

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