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Protocol Configurations
We have designed many parameters in Alpaca Finance to be configurable. While the initial configurations are set by the core developer team, we have every intention to let the Governance community decide on what needs to be changed which will happen through voting.
Timelock is a contract for delaying changes to the protocol. This contract is an owner of all the major contracts in Alpaca Finance. Hence, every change needs to execute through this contract, which makes it function as a security moat.
In essence, every order from the admin(the group of core developers) has to pass through this contract and is delayed for 24 hours before taking effect. To be specific, the execution command for the order goes to the queue, waiting to be executed when the 24h delay is passed. This is a security feature that enables the community to see any upcoming updates and prepare in advance for them. If anything looks suspicious, they can pull their funds from the protocol before the update takes effect.
Below are the contracts owned by Timelock
- All Vault Contracts
- FairLaunch Contract
- All Worker Contracts
- All PriceOracle Contracts
- All WorkerConfig Contracts
This section lists all adjustable parameters and functions in Alpaca Finance
- addPool(_allocatedPoint, _stakeToken, _withUpdate)
- _allocatedPoint = How many points assign to this pool. This will affect the ALPACAs 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 ALPACAs 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
- 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- _amount = The amount to be withdrawn from the reserve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
- 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
- setFeeder(_address)
- _address = The address of a new feeder
- 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, aka liquidation threshold
- 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
- 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, aka liquidation threshold
- _maxPriceDiff