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Global Parameters

Minimum Debt Size

The minimum amount of assets that a user can borrow to open a leveraged position:
Deposit Pool
Value
ALPACA
50
BNB
0.2
BUSD
100
USDT
100
TUSD
100
BTCB
0.002
ETH
0.04

Global Parameters

(*All fees below are already factored into the displayed APYs on the app. What you see is what you earn.)
Parameter
Value
Description
Liquidation Bounty
5%
4% (out of 5%) of the Position Value at liquidation goes to weekly buyback&burn of ALPACA. 1% goes to the liquidator as a reward for closing the position when Safety Buffers reaches 0.
Lending Performance Fee
19%
Percent of the borrowing interest profit of lenders that is collected as a performance fee; 10% (out of 19%) goes to weekly buyback&burn of ALPACA. 9% goes to Alpaca's development fund.
Farming Performance Fee
3%
Percent of the yield farming rewards portion of farmer revenue that goes to Alpaca's development fund. (Trading fees and ALPACA rewards do not incur any performance fees)
Single-Asset Farming Performance fees
19%
10% goes to ALPACA buyback and is then distributed as performance fee sharing for ALPACA lenders (as Protocol APR). 9% goes towards Alpaca's development fund.

Interest Rate Model

We employ a triple-slope interest rate model to determine the borrowing interest rate. See details below:
Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 60%
0%
20%
1/3
0
60% - 90%
20%
20%
0
0.2
90% - 100%
20%
150%
13
-11.5

Borrowing Interest = m * utilization + b

Lending Interest = Borrowing Interest * Utilization * ( 1 - Lending Performance Fee)
Last modified 1mo ago