Tectonic
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Money Market Parameters
Live Parameters
Asset
Collateral Factor (%)
Reserve Factor (%)
Close Factor (%)
Liquidation Penalty (%)
Kink Point (%)
Base Rate (%)
Base Multiplier (%)
Jump Multiplier (%)
CRO
80
10
50
10
80
0
5
50
ETH
75
20
50
10
75
3
10
50
WBTC
75
20
50
10
75
3
10
50
USDC
80
5
50
10
85
0
5
50
USDT
80
5
50
10
85
0
5
50
DAI
80
5
50
10
85
0
5
50
TONIC
55
15
50
10
55
3
20
120
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Upcoming Parameters (Going live on 14 Feb 2022)
The following new parameters will go live on or after 14 February 2022 00:00 UTC. Parameters not listed below will remain unchanged from those set out in the above table.
Important note: TONIC's Collateral Factor will be reduced, which could result in certain accounts being liquidated.
If you active loans and you have TONIC as collateral, please ensure that your Account LTV is well below the Collateral Factor to avoid being liquidated.
Asset
Collateral Factor (%)
Reserve Factor (%)
Close Factor (%)
Liquidation Penalty (%)
Kink Point (%)
Base Rate (%)
Base Multiplier (%)
Jump Multiplier (%)
TONIC
55 -> 20 (progressively reduced by 3% everyday on or after 00:00 UTC starting 14 Feb 2022)
15
50
10
55
3
20
120
Definitions
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
- 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 Fee
- 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.
Collateral Factor
- The loan-to-value percentage for the given supplied collateral, at which a user's account will be subject to liquidation
Reserve Factor
- The reserve factor is the percentage share of Tectonic's interests for every loan repayment.
- It is made to sustain the protocol and pay protocol contributors.
Base Rate
Kink Point
Jump Multiplier