Current parameters
The tables below present a summary of Notional's governance parameters.
Liquidity pool parameters:
Liquidity pools governance parameters influence the number of active maturities per cash group and the shape of each pool's AMM curve:
Max market index parameters
Anchor rates
Scalar rates
Initial proportions
Maximum market proportion
Collateral assets & liquidations
Collateral assets & liquidation parameters influence the free collateral calculations and the liquidation incentives given to liquidators :
Default liquidation portion
Oracle rate time window
Exchange rate haircuts
Exchange rate buffers
Exchange rate liquidation discounts
fCash haircuts (5 BPS)
Debt buffers (5 BPS)
fCash haircut liquidation discounts (5 BPS)
fCash buffer liquidation discounts (5 BPS)
Settlement penalty rate (5 BPS)
Liquidity token haircuts
Token repo incentive
nToken PV haircut percentages
nToken liquidation haircut percentages
nToken parameters
nToken governance parameters influence how nToken accounts allocate their incoming liquidity to different liquidity pools and how they handle fCash residuals upon quarterly rolls:
Deposit shares
Leverage thresholds
Residual purchase incentives (10 BPS)
Cash withholding buffers (10 BPS)
Residual purchase time buffer (Hours)
Fees & incentives
Notional fees and incentives governance parameters dictate the proportion of fees charged on every trade and how these fees are split between liquidity providers and the protocol reserves. Moreover these parameters influence the allocation of NOTE incentives to nToken accounts:
Total fee (BPS)
Reserve fee shares
Maximum collateral balances
Incentive emission rates
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