Parameters
The cdp module contains the following parameters:
| Key | Type | Example | Description |
|---|---|---|---|
| CollateralParams | array (CollateralParam) | [{see below}] | array of params for each enabled collateral type |
| DebtParams | DebtParam | \{see below} | array of params for each enabled pegged asset |
| GlobalDebtLimit | coin | \{"denom":"usdx","amount":"1000"} | maximum pegged assets that can be minted across the whole system |
| SavingsDistributionFrequency | string (int) | "84600" | number of seconds between distribution of the savings rate |
| GlobalDebtLimit | coin | \{"denom":"usdx","amount":"1000"} | maximum pegged assets that can be minted across the whole system |
| DebtAuctionThreshold | string (int) | "100000000000" | amount of system debt before a debt auction is triggered |
| SurplusAuctionThreshold | string (int) | "100000000000" | amount of system surplus before a surplus auction is triggered |
| DebtAuctionLot | string (int) | "10000000000" | amount of debt that each debt auction will attempt to recoup |
| SurplusAuctionLot | string (int) | "10000000000" | amount of surplus that will be sold at each surplus auction |
Each CollateralParam has the following parameters:
| Key | Type | Example | Description |
|---|---|---|---|
| Denom | string | "bnb" | collateral coin denom |
| LiquidationRatio | string (dec) | "1.500000000000000000" | the ratio under which a cdp with this collateral type will be liquidated |
| DebtLimit | coin | {"denom":"bnb","amount":"1000000000000"} | maximum pegged asset that can be minted backed by this collateral type |
| StabilityFee | string (dec) | "1.000000001547126" | per second fee |
| Prefix | number (byte) | "34" | identifier used in store keys - must be unique across collateral types |
| SpotMarketID | string | "bnb:usd" | price feed identifier for the spot price of this collateral type |
| LiquidationMarketID | string | "bnb:usd:30" | price feed identifier for the liquidation price of this collateral type |
| ConversionFactor | string (int) | "6" | 10^_ multiplier for external (BTC1.50) to internal (150000000) representation |
DebtParam has the following parameters:
| Key | Type | Example | Description |
|---|---|---|---|
| Denom | string | "usdx" | pegged asset coin denom |
| ReferenceAsset | string | "USD" | asset this asset is pegged to, informational purposes only |
| ConversionFactor | string (int) | "6" | 10^_ multiplier to go from external amount (say $1.50) to internal representation of that amount (1500000) |
| DebtFloor | string (int) | "10000000" | minimum amount of debt that a CDP can contain |
| SavingsRate | string (dec) | "0.95" | the percentage of accumulated fees that go towards the savings rate |