Protocol
Parameters
Every number the protocol runs on, in one place.
| Reserve | Collateral weight | Liquidation threshold | Liquidation bonus |
|---|
| USDC | 90% | 93% | 3% |
| SOL | 80% | 85% | 5% |
| JitoSOL | 75% | 80% | 6% |
| Reserve | Optimal utilization | APR at optimal | APR at 100% | Reserve factor |
|---|
| USDC | 85% | 6% | 60% | 10% |
| SOL | 75% | 5% | 80% | 15% |
| JitoSOL | 60% | 3% | 50% | 15% |
| Pool | Swap fee | Tick spacing |
|---|
| SOL/USDC | 0.05% | 10 |
| JitoSOL/SOL | 0.01% | 1 |
Fee tiers: 0.01% (spacing 1), 0.05% (spacing 10), 0.30% (spacing 60).
| Pool | Max leverage | Margin to open | Maintenance | Liquidator’s fee |
|---|
| SOL/USDC | 5× | 20.0% | 10.0% | 1.0% |
| JitoSOL/SOL | 8× | 12.5% | 6.0% | 0.5% |
| Market | Pool | Max leverage | Margin to open | Maintenance | Liquidator’s fee |
|---|
| SOL-PERP | SOL/USDC | 10× | 10.0% | 5.0% | 1.0% |
| JITOSOL-SOL-PERP | JitoSOL/SOL | 20× | 5.0% | 2.5% | 0.5% |
| Parameter | Value |
|---|
| Share of a borrow one account liquidation may repay | 50% |
| Borrow value repayable in full | under 100 USDC |
| Reserve factor income to the backstop | 20% |
| Oldest valid oracle price | 25 slots |
| Widest valid confidence interval | 2% |
| Pool average price window | 5 minutes |
| Largest gap between pool average and oracle | 3% |