the fraction of the total Variable Rate Pool deposits established as Liquidity Reserves can't be borrowed and will only be available for withdrawals.
The treasury fee refers to the percentage of interest rate charges paid by borrowers that the protocol retains for its treasury.
Treasury Fee on OP Mainnet
Treasury Fee on Ethereum Mainnet
Follow the steps below to check the Risk-Adjust Factor for a specific asset:
- 1.Go to the Auditor contract on Etherscan by navigating to the following URL: https://etherscan.io/address/0x310A2694521f75C7B2b64b5937C16CE65C3EFE01#readProxyContract#F17 (for other networks, go to Smart Contract Addresses and click on the address of the desired Auditor contract)
- 2.To query the
marketsfunction in that contract, you will need the market contract address for the specific asset. For example, you can use the following address to check the Risk-Adjust Factor for USDC:
0x660e2fC185a9fFE722aF253329CEaAD4C9F6F928. All addresses for each network (Mainnet, Optimism, et al.) are available in Smart Contract Addresses.
- 3.Click the "Query" button to call the function. The result will display various information about the market, including the Risk-Adjust Factor.
- 4.The Risk-Adjust Factor will be returned as
adjustFactor. In this case,
910000000000000000equals to 0.91.
Following these steps, you can check the Risk-Adjust Factor for any asset in the protocol by simply replacing the market contract address with the one corresponding to the desired asset.
The time decay parameter is used when the supply is above average.
The time decay parameter is used when the supply is below average.
The daily penalty rate fee is charged to fixed interest rate borrowers who didn't pay their loans on time. This fee is charged daily after the maturity day.
For example, if your total debt after the maturity date is $100, and you pay 10 days later, the penalty fees will be $4.5 (0.45%*10*$100).