Factors

Collateral factor

Collateral factor means percentages of collateral that can be used to borrow in safe position. This will be 50%. (ex) If you have 10000 weights with collateralized NFTs, you can borrow max 5000 VANILLAs)

Reserve factor

Reserve factor means percentages of reserved amounts from total liquidity (BUM). It will be used for setting borrow rates. This will be 10%.

Liquidation incentives factor

Liquidation incentives factor means discount percentages used when you liquidate position. This will be 90%. (ex) If you repaid debt for 10000 BUM, you can liquidate approximately 11111 weights of NFTs)

Last updated