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.

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Contents

Global Parameters

Pool-specific Parameters