Asset Specs

This is a work in progress. More to be added as information about tokens is added

Spot Market Leverage

Note: The asset_weight applies a haircut to the value of the collateral in health calculations. The lower the asset weight, the less the asset counts towards collateral. Initial Leverage and Maintenance Leverage can be converted to the corresponding asset_weights with these calculations:

init_asset_weight = 1 - 1 / init_leverage
init_liab_weight = 1 + 1 / init_leverage
maint_asset_Weight = 1 - 1 / maint_leverage
maint_liab_weight = 1 + 1 / maint_leverage

Token

Initial Leverage

Maintenance Leverage

Liquidation Fee (%)

BTC

5

10

5.00

ETH

5

10

5.00

SOL

5

10

5.00

SRM

5

10

5.00

MNGO

1.25

2.5

20.0

USDT

10

20

2.5

Asset Interest Rates

The lending pools work similar to the lending pools on Aave. With the big difference that users will earn interest on both their deposits as well as their positions (so you may be earning net interest on your margin position!). The interest rate is a function of the utilization ratio: total borrowed by all users divided by total deposits of all users. The interest rate will increase slowly approaching the utilization ratio but will increase rapidly above that to encourage the market to deposit more funds.

Asset

Optimal Rate

Max Rate

Optimal Utilization

BTC

3.5%

87.5%

70%

ETH

2.5%

62.5%

70%

SOL

2.5%

62.5%

70%

SRM

10%

250%

70%

MNGO

6%

150%

70%

USDT

5%

125%

70%

Utilization rate can vary by asset.