Key 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

0%-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 Ratio: 80%

ETH/USDT

  • Max Debt Ratio: 60%

  • Liquidation Debt Ratio: 80%

ETH/USDC

  • Max Debt Ratio: 60%

  • Liquidation Debt Ratio: 80%

ETH/DAI

  • Max Debt Ratio: 60%

  • Liquidation Debt Ratio: 80%

ETH/DPI

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 60%

ETH/YFI

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 60%

ETH/UNI

  • Max Debt Ratio: 50%

  • Liquidation Debt Ratio: 70%

ETH/LINK

  • Max Debt Ratio: 50%

  • Liquidation Debt Ratio: 70%

ETH/AAVE

  • Max Debt Ratio: 50%

  • Liquidation Debt Ratio: 70%

ETH/MKR

  • Max Debt Ratio: 50%

  • Liquidation Debt Ratio: 70%

ETH/renBTC

  • Max Debt Ratio: 60%

  • Liquidation Debt Ratio: 80%

ETH/REN

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 60%

ETH/SNX

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 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 Ratio: 70%

ETH/WBTC

  • Max Debt Ratio: 60%

  • Liquidation Debt Ratio: 80%

ETH/USDT

  • Max Debt Ratio: 60%

  • Liquidation Debt Ratio: 80%

ETH/USDC

  • Max Debt Ratio: 60%

  • Liquidation Debt Ratio: 80%

ETH/DAI

  • Max Debt Ratio: 60%

  • Liquidation Debt Ratio: 80%

ETH/LINK

  • Max Debt Ratio: 50%

  • Liquidation Debt Ratio: 70%

ETH/BAND

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 60%

ETH/COMP

  • Max Debt Ratio: 50%

  • Liquidation Debt Ratio: 70%

ETH/AAVE

  • Max Debt Ratio: 50%

  • Liquidation Debt Ratio: 70%

ETH/sUSD

  • Max Debt Ratio: 60%

  • Liquidation Debt Ratio: 80%

ETH/SNX

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 60%

ETH/REN

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 60%

ETH/UMA

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 60%

ETH/CRV

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 60%

ETH/YAM

  • Max Debt Ratio: 0% (since there's no leverage)

ETH/YFI

  • Max Debt Ratio: 42.86%

  • Liquidation Debt Ratio: 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.