📙AF2.0 Parameters
Revenue Distribution
The 19% Lending Performance Fee will be distributed as followed:
10% to the ALPACA token holders
6% to Governance Vault stakers
4% to Buyback and Burn
9% to Dev Fund
Protocol Parameters
Close Factor
50%
The maximum amount of outstanding debt that can be repaid in a single transaction by a repurchase / liquidator.
Repurchasing Bonus to Repurchaser
5%
Repurchaser will receive a 5% bonus on the collateral asset value when executing a repurchasing transaction. You can see an example calculation here.
Protocol Repurchasing Fee
5%
Fee % taken by the protocol from a repurchasing transaction. 100% will go towards buyback and burn. You can see an example calculation here.
Asset-Specific Parameters
We set each asset's factors based on their individual risk profiles, each asset will be categorized within one of three potential tiers that vary in their restrictions, in order to better mitigate risk. For detailed information, please visit here.
Collateral Tier
BNB
80%
85%
250,000
200,000
BTCB
88%
91%
5,000
4,500
ETH
88%
91%
50,000
45,000
USDT
90%
94%
75,000,000
50,000,000
BUSD
90%
94%
75,000,000
50,000,000
USDC
90%
94%
75,000,000
50,000,000
CAKE
50%
75%
1,000,000
750,000
XRP
50%
75%
2,500,000
2,000,000
LTC
50%
75%
120,000
100,000
DOGE
30%
50%
15,000,000
10,000,000
ADA
50%
75%
7,500,000
5,000,000
WBETH
85%
90%
50,000
45,000
*Max. Collateral Cap and Max. Borrow Cap are denominated in each asset.
Cross Tier
HIGH
0%
50%
0
1,000,000
Isolated Tier
THE
0%
60%
0
1,500,000
AF2.0 Interest Rate Model
We employ a double-slope interest rate model to determine the borrowing interest rate. See details below:
Borrowing Interest = m * Utilization + b
Lending Interest = Borrowing Interest * Utilization * (1 - Lending Performance Fee)
BNB's Borrowing Interest Rate
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333
BTCB's Borrowing Interest Rate
0% - 85%
0%
10%
0.118
0
85% - 100%
10%
80%
4.667
-3.867
ETH's Borrowing Interest Rate
0% - 85%
0%
10%
0.118
0
85% - 100%
10%
80%
4.667
-3.867
USDT's Borrowing Interest Rate
0% - 85%
0%
5%
0.059
0
85% - 100%
5%
60%
3.667
-3.067
USDC's Borrowing Interest Rate
0% - 85%
0%
5%
0.059
0
85% - 100%
5%
60%
3.667
-3.067
BUSD's Borrowing Interest Rate
0% - 85%
0%
5%
0.059
0
85% - 100%
5%
60%
3.667
-3.067
CAKE's Borrowing Interest Rate
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333
XRP's Borrowing Interest Rate
0% - 85%
0%
10%
0.118
0
85% - 100%
10%
80%
4.667
-3.867
LTC's Borrowing Interest Rate
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333
DOGE's Borrowing Interest Rate
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333
ADA's Borrowing Interest Rate
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333
WBETH's Borrowing Interest Rate
0% - 85%
0%
10%
0.118
0
85% - 100%
10%
80%
4.667
-3.867
HIGH's Borrowing Interest Rate
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333
THE's Borrowing Interest Rate
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333
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