English
Search
⌃K
📙

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

Parameter
Value
Description
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

Asset
Collateral Factor
Borrow Factor
Max. Collateral Cap*
Max. Borrow Cap*
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
*Max. Collateral Cap and Max. Borrow Cap are denominated in each asset.

Cross Tier

Asset
Collateral Factor
Borrow Factor
Max. Collateral Cap*
Max. Borrow Cap*
HIGH
0%
50%
0
1,000,000

Isolated Tier

  • Coming Soon

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

Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333

BTCB's Borrowing Interest Rate

Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 85%
0%
10%
0.118
0
85% - 100%
10%
80%
4.667
-3.867

ETH's Borrowing Interest Rate

Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 85%
0%
10%
0.118
0
85% - 100%
10%
80%
4.667
-3.867

USDT's Borrowing Interest Rate

Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 85%
0%
5%
0.059
0
85% - 100%
5%
60%
3.667
-3.067

USDC's Borrowing Interest Rate

Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 85%
0%
5%
0.059
0
85% - 100%
5%
60%
3.667
-3.067

BUSD's Borrowing Interest Rate

Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 85%
0%
5%
0.059
0
85% - 100%
5%
60%
3.667
-3.067

CAKE's Borrowing Interest Rate

Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333

XRP's Borrowing Interest Rate

Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 85%
0%
10%
0.118
0
85% - 100%
10%
80%
4.667
-3.867

HIGH's Borrowing Interest Rate

Utilization Range
Interest rate at min. range
Interest rate at max. range
m
b
0% - 85%
0%
15%
0.176
0
85% - 100%
15%
200%
12.333
-10.333
Previous
Perpetual Futures Exchange Parameters
Next - Tokenomics
ALPACA Token
Last modified 7d ago