Key Parameters

Key protocol parameters

Below are the values of Alpha Homora parameters, balancing between risks and rewards of our users*:
Global Parameters
Name
Value
Function
Description
Minimum Debt Size
2 ETH
minDebtSize()
The minimum borrowing amount (if borrowed any) for opening a position.
Borrowing Interest Rate
10%-100%*
getInterestRate()
Borrower’s interest rate to be paid, accrued per second.
Reserve pool rate
10%
getReservePoolBps()
Portion of borrower’s interest to be stored in bank’s reserve.
Liquidation bonus
5%
getKillBps()
Portion of position value the liquidator gets as an incentive to liquidate positions at risk.
Reinvest Reward Bounty
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 Uniswap:
ETH/WBTC
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/USDT
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/USDC
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/DAI
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/DPI
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
ETH/YFI
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
ETH/UNI
Max Debt Ratio: 50%
Liquidation Debt Ration: 70%
ETH/LINK
Max Debt Ratio: 50%
Liquidation Debt Ration: 70%
ETH/AAVE
Max Debt Ratio: 50%
Liquidation Debt Ration: 70%
ETH/MKR
Max Debt Ratio: 50%
Liquidation Debt Ration: 70%
ETH/renBTC
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/REN
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
ETH/SNX
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
ETH/MTA
Max Debt Ratio: 0% (since there's no leverage)
ETH/PICKLE
Max Debt Ratio: 0% (since there's no leverage)
ETH/KP3R
Max Debt Ratio: 0% (since there's no leverage)
​
Pools on SushiSwap 
ETH/SUSHI
Max Debt Ratio: 50%
Liquidation Debt Ration: 70%
ETH/WBTC
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/USDT
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/USDC
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/DAI
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/LINK
Max Debt Ratio: 50%
Liquidation Debt Ration: 70%
ETH/BAND
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
ETH/COMP
Max Debt Ratio: 50%
Liquidation Debt Ration: 70%
ETH/AAVE
Max Debt Ratio: 50%
Liquidation Debt Ration: 70%
ETH/sUSD
Max Debt Ratio: 60%
Liquidation Debt Ration: 80%
ETH/SNX
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
ETH/REN
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
ETH/UMA
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
ETH/CRV
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
ETH/YAM
Max Debt Ratio: 0% (since there's no leverage)
ETH/YFI
Max Debt Ratio: 42.86%
Liquidation Debt Ration: 60%
*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.

Where Does APY Come From For Each Pool?

Risks

Last updated 1 month ago

Name	Value	Function	Description
Minimum Debt Size	2 ETH	`minDebtSize()`	The minimum borrowing amount (if borrowed any) for opening a position.
Borrowing Interest Rate	10%-100%*	`getInterestRate()`	Borrower’s interest rate to be paid, accrued per second.
Reserve pool rate	10%	`getReservePoolBps()`	Portion of borrower’s interest to be stored in bank’s reserve.
Liquidation bonus	5%	`getKillBps()`	Portion of position value the liquidator gets as an incentive to liquidate positions at risk.
Reinvest Reward Bounty	3%	Inside Goblin contract	Incentive reward for bounty hunters calling `reinvest` function.