OLD: V1-V2 Pools
This page refers to the information about old V1-V2.1 pools.
The pools below are the old V1-V2.1 ones.
Asset | Contract Address |
---|---|
ETH (WETH) | |
wstETH | |
USDC | |
DAI | |
FRAX | |
WBTC |
How was APY calculated in V1-V2.1?
Capital is required for traders and farmers to get leverage for their financial operations. For this, there are Liquidity Pools: anyone can become a liquidity provider by supplying assets in the Liquidity Pool. The profitability of LPs depends on the pool utilization ratio U - the higher utilization, the higher interest rate. See a bit more on the Protocol Fees page.
Borrow APY is calculated according to formula
Asset pool | r_0 | r_1 | r_2 | r_3 | U_1 | U_2 |
---|---|---|---|---|---|---|
USDC | 0 | 1 | 1.25 | 100 | 70 | 90 |
DAI | 0 | 1 | 1.25 | 100 | 70 | 90 |
FRAX | 0 | 1 | 1.25 | 100 | 70 | 90 |
wstETH | 0 | 2 | 2.5 | 60 | 70 | 90 |
ETH | 0 | 2 | 2.5 | 60 | 70 | 90 |
WBTC | 0 | 2 | 2.5 | 60 | 70 | 90 |
V2-V2.1 Pool Caps
Asset | Pool max | Min pers borrow | Max pers borrow |
---|---|---|---|
USDC | N/A | 60,000 USDC | 1,000,000 USDC |
DAI | N/A | 60,000 DAI | 1,000,000 DAI |
FRAX | N/A | 100,000 FRAX | 1,000,000 FRAX |
wstETH | N/A | 75 wstETH | 600 wstETH |
WETH | N/A | 30 WETH | 600 WETH |
WBTC | N/A | 2 WBTC | 50 WBTC |
Latest update: pool limits are effectively lifted. Any actual caps are just required by the architecture to have *some* number and can be lifted without a vote if the TVL approaches them. As for the min-max personal borrow limits, they have been established by another vote: GIP-21, then GIP-71.
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