Edge Protocol
  • Edge Protocol
    • Protocol Roadmap
  • Beta Launch: The Dawn of Edge
  • Genesis Pool
    • Assets & Specification
    • Price Oracle
    • Interest Rate Model
    • Key Use Cases of Genesis Pool
    • Interesting Yield Strategies for Genesis Pool
  • User Guides
    • Lenders
    • Borrowers
      • Manage debt postions
    • Parameters & Glossary
  • Extras
    • Community
    • Risks
    • Security
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  1. Genesis Pool

Assets & Specification

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Last updated 3 years ago

Listed Assets

Asset
Collateral factor
Borrowing factor
Liquidation incentive

UST

90%

95%

5%

aUST

90%

95%

6%

LUNA

80%

85%

5%

LunaX

75%

75%

7.5%

bLUNA

80%

75%

7.5%

MIR

70%

75%

8.5%

ANC

70%

75%

8%

stLUNA

75%

75%

7.5%

pLUNA

0%

60%

-

Safe and less volatile assets will have a corresponding high collateral and borrowing factor.

See more info on

Borrowing and Lending rate of each asset

  • Borrowing rate = Interest rate model of that asset.

  • Lending rate = Borrowing rate * (1 - IF fee) * that asset's utilization rate.

Insurance fund fee (IF fee)

In Genesis Pool, we collect IF fee from the gap between lending and borrowing rate. We collect insurance fund fee into our insurance fund to be used for repaying lenders in case there is underwater liquidation debt. We currently set IF fee to be 10%.

That's means Edge Protocol is collecting 10% of the gap between borrowing and lending interest rate means that the lending rate is now defined as = borrowing rate * utilization rate *0.9 since another 10% goes to the insurance fund.

ELI5: the users don't pay any fee (besides gas fee) interacting with us, it's just that the existence of insurance fee makes the lending rate not simply "borrowing rate * utilization rate"

parameters and glossary