# Pool parameters

<table><thead><tr><th width="214.5">Parameter</th><th>Description</th></tr></thead><tbody><tr><td>max leverage</td><td>maximum allowable leverage. by default = 20</td></tr><tr><td>interest rate</td><td>The proportion of a loan that is charged as interest to the borrower. <br><br><code>interest rate = Coef * var(ETH)</code><br><br><strong>var(ETH)</strong> - 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. <br><br><strong>Coef</strong> - scaling coefficient which governs the steepness of the interest rate curve, the default value is 15</td></tr><tr><td>swap fee</td><td>0.1% by default. When users take leverage, they pay 0.1% on the notional borrow amount.</td></tr><tr><td>fee</td><td>2% by default. Extra annual interest rate added to debt with every reinit.</td></tr><tr><td>position min amount</td><td>Minimum amount (in base token) to open a Short or Long position. By default = 0.001 ETH</td></tr><tr><td>price seconds ago</td><td>Parameter for Uniswap TWAP Oracle. Number of seconds in the past from which to calculate the time-weighted-average-price. By default = 900 seconds. </td></tr><tr><td>position slippage</td><td>Maximum allowable slippage when managing a position. By default = 2% of the current (last) AMM price.</td></tr><tr><td>margin call slippage</td><td>Maximum allowable slippage when liquidating a position.<br>By default = 5% of the current (last) AMM price.</td></tr><tr><td>base asset limit</td><td>Maximum allowable balance of the base asset in the pool. </td></tr><tr><td>quote asset limit</td><td>Maximum allowable balance of the quote asset in the pool. </td></tr></tbody></table>


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