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
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