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AUSD Parameters

Global Parameters

(*All fees below are already factored into the app's displayed APYs on the app. What you see is what you earn.)
Stability Fee
2% APR (for most collateral assets)
The Stability Fee on each AUSD debt position to maintain the peg and operations. 50% of these fees go towards buyback & burn of ALPACA (or Protocol APR for ALPACA depositors once the governance vault is deployed) while the remainder go towards the development fund.
Liquidation Bounty
5%
4% (out of 5%) of liquidation value goes to weekly buyback & burn of ALPACA. 1% goes to the liquidator as a reward for closing the position when its debt ratio reaches the collateral factor.
Auto-Farming Performance Fee
9%
Percent of the rewards earned from farming the collateralized assets in AUSD positions in Alpaca Staking (and potentially external protocols in the future). 5% go towards the weekly buyback & burn of ALPACA (and Protocol APR for ALPACA depositors once the governance vault is deployed) while the remaining 4% go towards the development fund.
Close Factor
25%
Max percent of the Debt Value of an AUSD position that could be liquidated in a single transaction when the position is subject to liquidation. This reduces the associated costs and liquidation risk for AUSD borrowers, while still preventing the risk of bad debt.
Minimum Debt Size
500 AUSD
This is the minimum amount of AUSD that can be borrowed when opening a position.

Pool Specific Parameters

Please find below the parameters for each of the collateral pool's.
Collateral Pool
Collateral Factor
Close Factor
Debt Ceiling (AUSD)
Stability Fees
ibBUSD
90%
25%
30 Mn
2%
ibUSDT
90%
25%
30 Mn
2%
ibBNB
65%
30%
30 Mn
3%
ibBTCB
TBD
TBD
TBD
TBD
ibETH
TBD
TBD
TBD
TBD
ibTUSD
TBD
TBD
TBD
TBD
ibALPACA
TBD
TBD
TBD
TBD
Collateral Pool: Eligible assets that can be used as collateral to borrow AUSD
Collateral Factor: Max LTV(loan-to-value). A factor at which AUSD position is at risk of being liquidated;
Debt Ceiling: Maximum amount of AUSD that can be borrowed for the collateral type
Stability Fees: Fees charged to AUSD positions to maintain the peg (annual rate)
Please note that at the initial launch of AUSD, we will only allow ibBUSD (or BUSD) to be collateralized to borrow AUSD. The remaining ibTokens will follow thereafter.
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Global Parameters
Pool Specific Parameters