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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