Adjusted collateral ratio, health factor and liquidation penalty š
December 17, 2021
GM! š
We decided to increase the collateral ratio, the health factor and change the liquidation penalty.
Now, these values are as follows:
š Health factor 80% -> 90%
š”ļø Collateral ratios:
š¹ USDC 80% -> 85%
š¹ renBTC 70% -> 80%
š¹ SOL 60% -> 70%
š¹ mSOL 50% -> 70%
š¹ whETH 60% -> 70%
š¹ whFTT 50% -> 60%
š¹ SNY 30% -> 35%
What will it change? š¤
In short, you'll be able to mint more synthetic assets having the same amount of collateral. š¤
Also, when you'll be liquidated, you lose less collateral š
How much exactly?
For example, consider you deposited 100$ in USDC š²
Liquidation penalty
Previously, the ratio in liquidation penalty was 5/5.
It meant that 5% of the liquidated amount went to the liquidator and another 5% to the protocol.
Now, we're changing this ratio to 8/1.
This means that the liquidated amount will be lower by 1%. And 7% of this amount will go to the liquidator and 1% to the protocol.
If you'd like to know more about liquidation, check out our blog post about it.
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