🛠️Configuration Details

Shared & Unique Vault Configurations

Shared Configurations

These configurations are true for all LST vaults on-chain and cannot be changed after deployment

Minimum debt required to open/keep the trove opened: 0 USBD

Flash loan fee: 0.1%

USBD Gas compensation to a liquidator: 200 USBD This gas is taken from trove opener when the trove is opened, and returned to them after the trove is closed (however, it will go to a liquidator, if the trove gets liquidated).

Maximum allowed interest rate of USBD: 4% Interest rate can be updated any time, but this number cannot. Updated interest rate can’t be higher than this.

USBD interest rate when the LST will be sunsetting (in the process of removal): 50% High percentage ensures the USBD debt will be repaid early, therefore closing TroveManager sooner

CCR: 160% Collateral Ratio under which system will be considered in critical condition and recovery mode will get activated (iquidation and fee changes happen at this time in our protocol)

Percentage of a collateral LST that the liquidator of the trove will get as a compensation: 0.5%

Maximum price deviation from previous price that will keep protocol price feed functioning: 50% If the price deviates more then 50% in single block, the protocol transactions will be halted

Unique Configurations

These are specific to each LST vault, and can be changed even after deploying a vault

Range where redemption fee will fluctuate: 0.5-100%

Range where borrowing fee will fluctuate: 1-3%

Interest rate of borrowed USBD: 1%

Maximum amount of USBD to be borrowed per TroveManager: 10,000,000,000

MCR: 150% Minimum Collateral Ratio allowed to open/keep a trove (if ratio is lower than this, user is liquidated)