Parameters

Collateral Factor

• 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.)

Reserve Factor

• 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.

Close Factor

• 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.

Liquidation Incentive

• 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.

Details

Token	Collateral Factor	Close Factor	Liquidation Incentive	Reserve Factor
USDC	80%	50%	8%	20%
BTC	75%	50%	8%	20%