Protocol Configurations

​Design Ethos

We have designed many parameters in Akita Finance to be configurable. While the initial configurations are set by the core developer team, we have every intention to let the community decide on what need to be changed which will be done through voting.

​⏳ Timelock

Timelock is a contract for delaying changes to the protocol. This contract will be assigned as an owner of major contracts in Akita Finance. Hence, every changes need to execute through this contract. This contract will basically take an order from the admin, which are core developers, and pass the execution command to the queue, waiting to be executed when the delay is exceeded. This enables community to prepare for the changes that will be updated. Some may consider to pull funds from the protocol, some may open more positions, that is totally depend on each person.

Below are contracts that will be owned by Timelock

• All Vault Contracts

• FairLaunch Contract

• All Worker Contracts

• All PriceOracle Contracts

• All WorkerConfig Contracts

​⚙ Adjustable Parameters

This section lists all adjustable parameters and function to do so in Akita Finance

FairLaunch Contract

• addPool(_allocatedPoint, _stakeToken, _withUpdate)

  • _allocatedPoint = How many points assign to this pool. This will affect the Akitas distribution per block.

  • _stakeToken = The address of a required staking token.

  • _withUpdate = A flag for updatePool calculation

• setPool(_pid, _allocatedPoint, _withUpdate)

  • _pid = Pool ID that you wish to adjust the point

  • _allocatedPoint = New points to be assign to this pool. This will affect the Akitas distribution per block.

  • _withUpdate = A flag for updatePool calculation

• setBonus(_bonusMultiplier, _bonusEndBlock, _bonusLockUpBps)

  • _bonusMultiplier = Multiplier that will be applied during the bonus period

  • _bonusEndBlock = The block number that bonus will be ended

  • _bonusLockUpBps = % of bonus that is earned in the bonus period to be locked

Vault Contract

• updateConfig(_newConfig)

  • _newConfig = A new contract that is implemented IVaultConfig interface

• setFairLaunchPoolId(_pid)

  • _pid = Pool ID on Fair Contract that the staking token is debtToken owned by Vault

• withdrawReserve(_to, _amount)

  • _to = The address to receive amount

  • _amount = The amount to be withdrawn from the reserve

• redeuceReserve(_amount)

  • _amount = Reduce reserve portion for treasury management

PancakeswapWorker Contract

• setReinvestBountyBps(_newBountyBps)

  • _newBountyBps = A new bounty that the bounty hunter will get when they trigger reinvest

• setStrategyOk(_strategyAddresses, _ok)

  • _strategyAddresses = Addresses for the strategy contract

  • _ok = Can be either true or false. If the _strategyAddresses above need to be disabled then set _ok = false

• setCriticalStrategies(_addStrategy, _liquidateStrategy)

  • _addStrategy = Set default addStrategy

  • _liquidateStrategy = Set default liquidateStrategy

SimplePriceOracle Contract

• setFeeder(_address)

  • _address = The address of a new feeder

SimpleVaultConfig

• setParams(_minDebtSize, _interestRate, _reservePoolBps, _killBps, _wrappedNative, _fairLaunch)

  • _minDebtSize = The minimum required for borrower to loan from the pool

  • _interestRate = Interest rate per second

  • _reservePoolBps = % to be put in reserve pool in BPS

  • _killBps = % that bounty hunters will get when they liquidate the position

  • _wrappedNative = Address of the wNative token

  • _fairLaunch = Address of the fair launch contract

• setWorker(_workerAddress, _isWorker, _acceptDebt, _workFactor, _killFactor)

  • _workerAddress = The address of the worker

  • _isWorker = The flag to set if this is worker

  • _acceptDebt = The flag to set if this worker is accepting the debt

  • _workFactor = The flag threshold to prevent user from over leverage

  • _killFactor = The flag threshold to mark if position can be liquidated

ConfigurableInterestVaultConfig

• setParams(_minDebtSize, _reservePoolBps, _killBps, _interestModelAddress, _wrappedNative, _fairLaunch)

  • _minDebtSize = The minimum required for borrower to loan from the pool

  • _reservePoolBps = % to be put in reserve pool in BPS

  • _killBps = % that bounty hunters will get when they liquidate the position

  • _interestModelAddress = Address of the interest model

  • _wrappedNative = Address of the wNative token

  • _fairLaunch = Address of the fair launch contract

PancakeswapWorkerConfig

• setOracle(_newOracleAddress)

  • _newOracleAddress = The new oracle address

• setConfigs([ ]_WorkerAddress, [ ]_configs)

  • [ ]_WorkerAddress = address of worker

  • [ ]_configs = Config object including:

    • _acceptDebt

    • _workFactor = The flag threshold to prevent user from over leverage

    • _killFactor = The flag threshold to mark if position can be liquidated

    • _maxPriceDiff