Configuration Parameters
The parameters listed below have been decided upon for the launch of the IPOR network. These parameters will go to governance and may be changed, updated, added to, or eliminated by the IPOR DAO.
AMM - Milton
- Max swap collateral amount: 100.000 stable
- Maximum allowed utilization for issuing derivatives: 80%
- Maximum allowed utilization for a given leg: temporarily set to 2.5% for USDC, 5% for other assets
- Maximum allowed utilization to withdraw liquidity: 100%
- Minimum leverage: 10x
- Maximum leverage: 1000x (currently scaled down to 100x for USDT and DAI and to 500x for USDC)
- Max liquidity provided by one address: 500.000 stable
- Max liquidity in the LP: 10.000.000 stable
- time before the maturity when the position is put up for community liquidation: 6hours
- profit or loss of the derivative - makes it available for community liquidation: 99%
- level of cash reserves not delegated to money markets: 5%
Spread
Spread params are set as a series of constants that reflect the current spread model based on recent market conditions. It is intended to update those params periodically as the market conditions change
DAI
{
"pay_fixed_region_one_base": 223452028860278,
"pay_fixed_region_one_slope_for_variance": 66176612458519781376,
"pay_fixed_region_one_slope_for_mean_reversion": -1186134254033851648,
"pay_fixed_region_two_base": 145660962344800,
"pay_fixed_region_two_slope_for_variance": 213838820626510938112,
"pay_fixed_region_two_slope_for_mean_reversion": -963243845920214784,
"receive_fixed_region_one_base": -86557160865515,
"receive_fixed_region_one_slope_for_variance": -37390455427043344384,
"receive_fixed_region_one_slope_for_mean_reversion": -1129730689647621632,
"receive_fixed_region_two_base": -55994330424481,
"receive_fixed_region_two_slope_for_variance": -89741154814986338304,
"receive_fixed_region_two_slope_for_mean_reversion": 37480678662666200
}
USDC
{
"pay_fixed_region_one_base": 37930765449792,
"pay_fixed_region_one_slope_for_variance": 31230683742008606720,
"pay_fixed_region_one_slope_for_mean_reversion": -1000529805354521088,
"pay_fixed_region_two_base": 37489567944637,
"pay_fixed_region_two_slope_for_variance": 28996072243415703552,
"pay_fixed_region_two_slope_for_mean_reversion": -1000994078840167424,
"receive_fixed_region_one_base": -122762757422490,
"receive_fixed_region_one_slope_for_variance": -106003266867109625856,
"receive_fixed_region_one_slope_for_mean_reversion": -1045884298106898944,
"receive_fixed_region_two_base": -158867838624609,
"receive_fixed_region_two_slope_for_variance": -110594227975461961728,
"receive_fixed_region_two_slope_for_mean_reversion": 6710359117987209
}
USDT
{
"pay_fixed_region_one_base": 1139874219517398,
"pay_fixed_region_one_slope_for_variance": -155651394485124005888,
"pay_fixed_region_one_slope_for_mean_reversion": -861020315984126336,
"pay_fixed_region_two_base": 2435789462827811,
"pay_fixed_region_two_slope_for_variance": 25782101549933703168,
"pay_fixed_region_two_slope_for_mean_reversion": -1144302432753336192,
"receive_fixed_region_one_base": -7813050625,
"receive_fixed_region_one_slope_for_variance": 13401848849361848320,
"receive_fixed_region_one_slope_for_mean_reversion": -32358516654365300,
"receive_fixed_region_two_base": -4430783797,
"receive_fixed_region_two_slope_for_variance": 8052470461295449088,
"receive_fixed_region_two_slope_for_mean_reversion": -989998621673433472
}
Moving exponential average (EMA) and moving exponential variance (EMVAR)
uint256 constant END_INTERVAL_ONE = 419215;
uint256 constant END_INTERVAL_TWO = 1392607;
uint256 constant END_INTERVAL_THREE = 3024000;
// Line One Parameters in wand
int256 constant SLOPE_FACTOR_ONE = -1192708355669;
int256 constant BASE_ONE = 1000000000000000000;
// Line two Parameters in wand
int256 constant SLOPE_FACTOR_TWO = -410935977479;
int256 constant BASE_TWO = 672270580524927104;
// Line three Parameters in wand
int256 constant SLOPE_FACTOR_THREE = -57166749921;
int256 constant BASE_THREE = 179610198759512800
- opening fee rate: 1% of collateral amount
- IPOR publication fee rate: 10 stable (USDC, USDT, DAI)
- income fee rate: 10%
- part of the opening fee set aside for DAO: 0%
- liquidation deposit amount: 20 stable (USDC, USDT, DAI)
- address to which the publication fee can be transferred: TBD
- address to which the income fee can be transferred: TBD
-
Last modified 7d ago