Risk Parameters
The Bank - Global Params
Insurance Fund Fee Share
50%
% of protocol revenue that goes to insurance fund, the remainder goes to stakers.
Revision
1
if a chain winds back blocks it should increment revision that is the reason for this blocks timeout for IBC transfer & seconds timeout for IBC transfer
Slippage Tolerance
1%
This is for swapping protocol revenue before sending into Injera Foundation's treasury.
Close Factor
50%
Max % of debt that's liquidatable
ERA/INJ pool
Swap Fee
0.2%
The swap fee is the cut of all swaps that goes to the Liquidity Providers (LPs) for a pool. Suppose a pool has a swap fee s. Then if a user wants to swap T tokens in the pool, sT tokens go to the LP's, and then (1 - s)T tokens are swapped according to the AMM swap function.
Exit Fee
0%
The exit fee is a fee that is applied to LP's that want to remove their liquidity from the pool. Suppose a pool has an exit fee e. If they currently have S LP shares, then when they remove their liquidity they get tokens worth (1 - e)S shares back. The remaining eS shares are then burned, and the tokens corresponding to these shares are kept as liquidity.
Smooth Weight Change Params
NA
This allows pool governance to smoothly change the weights of the assets it holds in the pool. So it can slowly move from a 2:1 ratio, to a 1:1 ratio. Currently, smooth weight changes are implemented as a linear change in weight ratios over a given duration of time. So weights changed from 4:1 to 2:2 over 2 days, then at day 1 of the change, the weights would be 3:1.5, and at day 2 its 2:2, and will remain at these weight ratios.
Pool Creation Fee
TBD
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