🌐 Global Parameters

Global Parameters

Parameter

Value

Description

Reserve pool take rate

10%

Percent of the borrowing interest that is put into the reserve pool. Half is for buyback and burn of ALPACA

Liquidation bonus

5%

4% (out of 5%) of the position value will be used for buyback and burn of ALPACA. The remaining 1% will go to the person that calls liquidate function on underwater positions

Reinvestment bounty

3%

A portion of the reward bonus that is taken by our in-house bot that calls the reinvest function

Performance fees

(Single-asset pool only)

19%

10% will be used to buyback and distributed to ALPACA depositors. 9% will go towards Alpaca's development fund

Minimum Debt Size

The minimum amount of asset 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

Interest rate model

We employ a triple-slope interest rate model to determine the borrowing interest rate with detail 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

Interest=mutilization+bInterest = m * utilization + b