Abax Documentation
  • 🧮Meet Abax!
    • Overview
    • Glossary
  • Lending
    • Collateral & Borrowing
    • Health Factor
    • Market Rules
    • Interest Rate Model
    • Liquidation
      • Liquidation Formula
    • Protocol Fee
  • Tokenomics
    • Abax Token
    • Public Contribution
    • Promotional Campaigns
  • How to Use Abax
    • How to Start Using Abax?
    • How Can I Make a Deposit?
    • How Do I Withdraw?
    • How Can I Borrow?
    • How Do I Repay Debt?
  • Governance
    • Governance System
  • Contracts
    • Lending Protocol
      • Lending Pool
        • Messages
          • Lending Pool Actions
          • Lending Pool Flash
          • Lending Pool Maintain
          • Lending Pool Manage
          • Lending Pool View
          • A Token Interface
          • V Token Interface
        • Storage
          • Types
          • Structs
        • Calculations
          • Interest Accumulation
          • Account Interest Accumulation
          • Rate Recalculation
          • Calculate Lending Power
        • Errors
    • Abax DAO
Powered by GitBook
On this page
  1. Lending

Market Rules

PreviousHealth FactorNextInterest Rate Model

Last updated 1 year ago

Market Rules specify the Collateral and Debt Factors for each asset used in the calculation of the . Market Rules also specify the penalty paid on liquidation. They are used by Abax DAO to manage the protocol risks and give users the best possible borrowing opportunities tailored to current market needs.

Each user can choose only one rule at a time.

The examples of rules are shown below in the form of tables. Not specified assets are not allowed to be used as collateral or to be borrowed while using a given rule.

Standard rule

asset
Collateral Factor
Debt Factor
penalty

USDC

0.98

1.02

0.05

DAI

0.97

1.03

0.03

DOT

0.9

1.1

0.07

AZERO

0.7

1.3

0.1

RISKY

x

x

x

Stablecoin rule

asset
Collateral Factor
Debt Factor
penalty

USDC

0.99

1.01

0.01

USDT

0.99

1.01

0.01

DAI

0.98

1.02

0.01

other

x

x

x

AZERO/stkAZERO

asset
Collateral Factor
Debt Factor
penalty

AZERO

0.97

1.03

0.02

stkAZERO

0.97

1.03

0.02

other

x

x

x

Isolation Risky Collateral

asset
Collateral Factor
Debt Factor
penalty

RISKY

0.2

x

0.5

USDC

x

1.02

0.01

other

x

x

x

Isolation Risky Borrow

asset
Collateral Factor
Debt Factor
penalty

RISKY

x

5

0.5

USDC

0.98

x

0.01

other

x

x

x

Health Factor