Pool parameters

These are parameters that control protocol risk and earnings and may be changed via Marginly governance.

ParameterDescription

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.

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