Parameters
The objective of this section is to address the parameters in the protocol.

What does each Parameter mean?

Parameter
Description
Collateral Factor
(also known as Loan-To-Value Ratio)
The amount a user can borrow for each market as a function of borrow amount divided by their collateral provided. For example, if the collateral factor for USDC is 80%, the maximum that can be borrowed is $0.80 against each $1 of USDC.
Reserve Factor
The percentage of borrower's interest that accrues to Bastion's Treasury. A reserve factor of 20% means that 20% of the interest paid on the asset accrues to Bastion.
Liquidation Discount
The incentive given to liquidators to perform liquidations and keep the protocol solvent. A liquidation incentive of 10% means that liquidators will receive 10% of the borrower's collateral on liquidation.
Close Factor
The maximum amount that can be liquidated in a single transaction. For example, a close factor of 50% means that a maximum of 50% of a liquidatable account's borrow can be repaid in a single liquidation transaction.
Borrow Limit
The maximum amount that a user can borrow with the assets they have currently supplied and collateralized.

Live Parameters

Main Hub

Assets
Collateral Factor
Reserve Factor
Close Factor
Liquidation Incentives
USDC
85%
15%
50%
10%
USDT
80%
20%
50%
10%
NEAR
60%
25%
50%
10%
ETH
70%
25%
50%
10%
*protocolSeizeShareis 3%. This is the percentage of an account's liquidated collateral that is added to reserves, at the expense of the liquidator. The goal is to mitigate the risk of the protocol going insolvent due to cascading liquidations.

Multichain Realm

Assets
Collateral Factor
Reserve Factor
Close Factor
Liquidation Incentives
USDC
85%
15%
50%
10%
stNEAR
50%
20%
50%
10%

Aurora Ecosystem Realm

Assets
Collateral Factor
Reserve Factor
Close Factor
Liquidation Incentives
USDC
85%
15%
50%
10%
TRI
40%
40%
50%
AURORA
40%
40%
50%
10%