Parameter
Value
Description
BNB minimum debt size
2 BNB
The minimum amount in BNB that a user can borrow to open a leveraged position
BUSD minimum debt size
400 BUSD
The minimum amount in BUSD that a user can borrow to open a leveraged position
Reserve pool take rate
10%
Percent of the borrowing interest rate that is put into reserve pool
Liquidation bonus
5%
A portion of the position value that goes to the person that calls liquidate function on underwater positions
Reinvestment bounty
3%
A portion of the reward that bonus that goes to the person that calls reinvest function
We employ a triple-slope interest rate model to determine the borrowing interest rate with detail below:
Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 50%
0%
0.2
0
50% - 90%
0.1
95% - 100%
60%
5.0
-4.40
Interest=m∗utilization+b
Last updated 4 years ago
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