Key parameters

Global Parameters

Name

Value

Function

Description

Minumum

Debt Size

1 BNB

minDebtSize()

The minimum borrowing amount (if

borrowed any) for opening a position.

Borrowing Interest Rate

0%-200%*

getInterestRate()

Borrower’s interest rate to be paid, accrued per second.

Reserve pool rate

20%

getReservePoolBps()

Portion of borrower’s interest to be stored in bank’s reserve.

Liquidation bonus

1%

getKillBps()

Portion of position value the liquidator gets as an incentive to liquidate positions at risk.

Reinvest Reward Bounty

0.3%

Inside Goblin contract

Incentive reward for bounty hunters calling reinvest function.

*Note: Borrowing interest rate follows a triple-slope-curve. See more details here.

Pool-specific Parameters

Name

Value

Function

Description

Max Debt Ratio

Depends on the pool (see below)

workFactor()

Maximum debt ratio when opening/adjusting a position must satisfy.

Liquidation Debt Ratio

Depends on the pool (see below)

killFactor()

Debt ratio threshold. If exceeded, anyone can liquidate the position.

Pools on PancakeSwap:

BNB-CAKE

  • Max Debt Ratio: 62.5%

  • Liquidation Debt Ratio: 70%

BNB-BUSD

  • Max Debt Ratio: 70%

  • Liquidation Debt Ratio: 80%

BNB-BTCB

  • Max Debt Ratio: 70%

  • Liquidation Debt Ratio: 80%

BNB-ETH

  • Max Debt Ratio: 70%

  • Liquidation Debt Ratio: 80%

BNB-USDT

  • Max Debt Ratio: 70%

  • Liquidation Debt Ratio: 80%

BNB-ALPHA

  • Max Debt Ratio: 62.5%

  • Liquidation Debt Ratio: 70%

BNB-LINK

  • Max Debt Ratio: 70%

  • Liquidation Debt Ratio: 80%

BNB-BAND

  • Max Debt Ratio: 70%

  • Liquidation Debt Ratio: 80%

BNB-UNI

  • Max Debt Ratio: 70%

  • Liquidation Debt Ratio: 80%

BNB-YFI

  • Max Debt Ratio: 70%

  • Liquidation Debt Ratio: 80%

*We may adjust these initial values accordingly. In the future, the control of these parameters will be transitioned to Alpha community governance, where ALPHA holders can propose and vote for any changes in these values.