2020-12-21 17:18:55 +00:00
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order: 5
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# Parameters
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The hard module has the following parameters:
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2021-02-19 16:14:48 +00:00
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| Key | Type | Example | Description |
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| ------------------------------ | ------------------------------------- | ------------- | ----------------------------------------------------------------------------|
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| MoneyMarkets | array (MoneyMarket) | [{see below}] | array of params for each supported market |
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| CheckLtvIndexCount | int | 6 | Number of borrow positions to check for liquidation in each begin blocker |
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Each `MoneyMarket` has the following parameters
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| Key | Type | Example | Description |
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| ------------------------- | ------------------ | ---------------------- | --------------------------------------------------------------------- |
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| Denom | string | "bnb" | coin denom of the asset which can be deposited and borrowed |
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| BorrowLimit | BorrowLimit | [{see below}] | borrow limits applied to this money market |
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| SpotMarketID | string | "bnb:usd" | the market id which determines the price of the asset |
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| ConversionFactor | Int | "6" | conversion factor for one unit (ie BNB) to the smallest internal unit |
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| InterestRateModel | InterestRateModel | [{see below}] | Model which determines the prevailing interest rate per block |
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| ReserveFactor | Dec | "0.01" | Percentage of interest that is kept as protocol reserves |
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| AuctionSize | Int | "1000000000" | The maximum size of an individual auction |
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| KeeperRewardPercentage | Dec | "0.02" | Percentage of deposit rewarded to keeper who liquidates a position |
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Each `BorrowLimit` has the following parameters
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| Key | Type | Example | Description |
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| --------------------- | ------------------ | ---------------------- | ------------------------------------------------------------------------ |
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| HasMaxLimit | bool | "true" | boolean for if a maximum limit is in effect |
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| MaximumLimit | Dec | "10000000.0" | global maximum amount of coins that can be borrowed |
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| LoanToValue | Dec | "0.5" | the percentage amount of borrow power each unit of deposit accounts for |
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Each `InterestRateModel` has the following parameters
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| Key | Type | Example | Description |
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| ---------------- | ------ | ------- | ---------------------------------------------------------------------------------------------------------------- |
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| BaseRateAPY | Dec | "0.0" | the base rate of APY interest when borrows are zero. |
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| BaseMultiplier | Dec | "0.01" | the percentage rate at which the interest rate APY increases for each percentage increase in borrow utilization. |
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| Kink | Dec | "0.5" | the inflection point of utilization at which the BaseMultiplier no longer applies and the JumpMultiplier does. |
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| JumpMultiplier | Dec | "0.5" | same as BaseMultiplier, but only applied when utilization is above the Kink |
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