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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
 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, 0 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: 10.000.000 stable
 Max liquidity in the LP: 10.000.000 stable
 time before the maturity when the position is put up for community liquidation: 1 hour
 time before the maturity when the position can be closed by the owner without offsetting: 6 hours.
 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 constants that reflect the current spread model based on recent market conditions. It is intended to update those parameters 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: 0.0005
 IPOR publication fee rate: 10 stable (USDC, USDT, DAI)
 Part of the opening fee set aside for DAO: 50%
 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 2mo ago