Protocol Parameters
Parameters
Parameters are managed by our risk provider Chaos Labs, with the goal to ensure systemic integrity, capital efficiency, and resilience under a wide range of market conditions. By leveraging simulation-based modeling, structured evaluation frameworks, and active monitoring, this aims to align AXD’s economic security with its design objectives while enabling sustainable expansion and policy flexibility.
BCR
Borrower Operations
Buffer LT to LTV
10.00%
MCR
Borrower Operations
Equivalent to 1/LT
150.00%
CCR
Borrower Operations
TCR at which Borrow operations are restricted
180.00%
SCR
Borrower Operations
TCR at which the protocol shuts down
140.00%
maxDebtCap
50,000,000.00
REDEMPTION_FEE_FLOOR
Collateral Registry
0.50%
REDEMPTION_MINUTE_DECAY_FACTOR
Collateral Registry
Half life of 6 hours
998,076,000,000,000,000
MIN_LIQUIDATION_PENALTY_SP
Collateral Registry
10%
MAX_LIQUIDATION_PENALTY_REDISTRIBUTION
Collateral Registry
20%
MIN_DEBT
Collateral Registry
// Minimum amount of net AXD debt a trove must have
1,000.00
MIN_ANNUAL_INTEREST_RATE
Collateral Registry
0.50%
MAX_ANNUAL_INTEREST_RATE
Collateral Registry
250%
REDEMPTION_BETA
Collateral Registry
BETA: 18 digit decimal. Parameter by which to divide the redeemed fraction, in order to calc the new base rate from a redemption. Corresponds to (1 / ALPHA) in the white paper
1.00
INITIAL_BASE_RATE
Collateral Registry
// To prevent redemptions unless AXD depegs below 0.95 and allow the system to take off
100%
URGENT_REDEMPTION_BONUS
Collateral Registry
// Discount to be used once the shutdown thas been triggered
2%
SP_YIELD_SPLIT
Collateral Registry
Amount of yield that goes to Stability pool
75%
MIN_AXD_IN_SP
StabilityPool
1.00
UPFRONT_INTEREST_PERIOD
TroveManager
Fee for adjustment of interest rate
7 days
INTEREST_RATE_ADJ_COOLDOWN
TroveManager
7 days
Last updated