Parameters
An overview of all the parameters governing each market
Each market is governed by its own set of parameters, which are fixed at the time of market deployment. Be aware of this fact and plan accordingly when deploying a new market.
Max Open LTV
The maximum Loan-to-Value ratio to which you can open positions
70%
Liquidation LTV
Loan-to-Value threshold at which a loan will become eligible for liquidation
75%
Emergency Liquidation LTV
Loan-to-Value threshold at which the liquidation penalty will be increased to insure timely liquidation
80%
Liquidation Penalty
Dictates how much of your collateral will be given to the liquidator as an incentive to clear the debt
10%
Emergency Liquidation Penalty
Increased liquidation penalty for highly-distressed positions to incentivise liquidators to clear a positions debt promptly
15%
Loan Origination Interest
A one-time interest payment to SOL LPs at loan origination
1%
Min Borrow APR
Borrow APR at 0% utilization ratio
15%
Max Borrow APR
Borrow APR at 100% utilization ratio
400%
Optimal Borrow APR
Borrow APR at the optimal utilization ratio of 70%
70%
Market Creation Fee
The fee charged by the protocol in order to create an isolated market
2 SOL
Swap Fee
The fee charged to use the swap feature
0.5%
Trading Fee (buy)
The fee for opening a Margin Position
(Leverage is subject to Loan Origination Interest + Loan Origination Fee)
0%
Trading Fee (sell)
The fee for closing a Margin Position
Charged only on users' equity, not on the leverage (Sell Amount - Debt)
1%
Reserve Factor (Borrow APR)
The protocol share of the borrow APR
20%
Reserve Factor (Liquidation)
The protocol share of the liquidation penalty
10%
Reserve Factor (Rewards)
The protocol share of added reward incentives
10%
Loan Origination Fee
Loan origination fee that goes to the protocol
1%
Vault Performance Fee
The protocol fee charged for net vault earnings
25%
Vault Early Exit Tax
Fee charged for withdrawing funds from the vaults within 350 seconds after deposit
1%
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