Parameters
Last updated
Last updated
The maximum that can be borrowed on a particular asset. (e.g. USDC collateral factor is 80%, with price of $1, the maximum that can be borrowed is $0.80 against it.)
The percentage of the borrower's interest that accrues to Mage. A reserve factor of 20% means that 20% of the interest paid on the asset accrues to Mage.
The maximum amount that can be liquidated in a single transaction. 50% close factor means that a maximum of 50% of a liquidatable account's borrow can be repaid in a single liquidation transaction.
The incentive given to liquidators to perform liquidations and keeping the protocol solvent. A liquidation incentive of 8% means that liquidators will receive 8% of the borrower's collateral on liquidation.
| Token | Collateral Factor | Close Factor | Liquidation Incentive | Reserve Factor |
|---|---|---|---|---|
USDC
80%
50%
8%
20%
BTC
75%
50%
8%
20%