Pool parameters
These are parameters that control protocol risk and earnings and may be changed via Marginly governance.
Last updated
These are parameters that control protocol risk and earnings and may be changed via Marginly governance.
Last updated
Parameter | Description |
---|---|
max leverage
maximum allowable leverage. by default = 20
interest rate
The proportion of a loan that is charged as interest to the borrower.
interest rate = Coef * var(ETH)
var(ETH) - historical long-term average ETH volatility, which we initially set to be 6% or 0.06 per day. Subject to periodical reassessment by Marginly governance.
Coef - scaling coefficient which governs the steepness of the interest rate curve, the default value is 15
swap fee
0.1% by default. When users take leverage, they pay 0.1% on the notional borrow amount.
fee
2% by default. Extra annual interest rate added to debt with every reinit.
position min amount
Minimum amount (in base token) to open a Short or Long position. By default = 0.001 ETH
price seconds ago
Parameter for Uniswap TWAP Oracle. Number of seconds in the past from which to calculate the time-weighted-average-price. By default = 900 seconds.
position slippage
Maximum allowable slippage when managing a position. By default = 2% of the current (last) AMM price.
margin call slippage
Maximum allowable slippage when liquidating a position. By default = 5% of the current (last) AMM price.
base asset limit
Maximum allowable balance of the base asset in the pool.
quote asset limit
Maximum allowable balance of the quote asset in the pool.