Configurations

The mission of HODLer market is to be an open and permissionless lending market for any tokens and coins. Therefore, the HODLer market is designed to be as configurable as possible. We have 3 types of configurations: pre-configured, user-defined parameters, and DeFiner-defined parameters.

Pre-Configured

Pre-configured parameters are set up at the parent smart contract level. Those parameters are not changeable and stay the same with the parent contract for any child Hodler market which it is cloned from, such as fund reserve address.

User-Defined

User-defined parameters are inputted by users. When a HODLer market contract is created, configurations are set up by the creator. After the configurations are initially set up, those configurations can only be changed through the DeFiner DAO proposal process. Anyone can propose a change request under the market detail page. Those change requests will be reviewed by DeFiner DAO and voted by DeFiner DAO. Once the proposal passes, those proposed changes will be implemented within 48 hrs. Find more details regarding the voting process and details here.

DeFiner-Defined

DeFiner-defined parameters are the default parameters for each pool by DeFiner. Those parameters are changeable through the DeFiner DAO voting process as well.

Configuration	Description	Types	Value
liquidationThreshold	This defines the threshold of loan to collateral value used to define if the account is in the status of liquidation	DeFiner defined	85%
liquidationDiscountRatio	This defines the discount for liquidators when liquidating users' assets	DeFiner defined	95%
compoundSupplyRateWeights	This defines the weight of supply APR used to calcuate borrow APR from the money market protocol	DeFiner defined	50%
compoundBorrowRateWeights	This defines the weight of borrow APR used to calcuate borrow APR from the money market protocol	DeFiner defined	50%
deFinerRate	The percentage of the gains directed to definer	DeFiner defined	10%
borrow mining speed	This defines the mining rewards distributed to borrow balance	DeFiner defined	0
depositEnable	This defined if deposit function available	DeFiner defined	YES
repayEnable	This defined if repay function available	DeFiner defined	YES
miningDeFinerRate	This defines the percentage of fees to DeFiner for mining reward	DeFiner defined	10%
borrowFee Per transaction	This defines the percentage of fees to DeFiner for borrow function	DeFiner defined	0
collateral value cap	This defines the maximum value accepted by DeFiner as collateral for each token	DeFiner defined	varies by pool
minReserveRatio	Minimum boundarie to collect from compound	Pre-Configured	10%
maxReserveRatio	Maxmun bondarie to sent to compound	Pre-Configured	20%
loan currency token address	This defines the default stablecoins for each pool	Pre-Configured
expire_duration	maximum time to consider oracle response valid	Pre-Configured	12 hours
poolCreationFeeInUSD8	Pool creation fee in Dollar encoded with 8 decimal places	Pre-Configured	150 USD
max_maturity_date	The furtherst in the future a pool can be set to mature	Pre-Configured	10 year
max_apr	the maximum maximumMaturity rate of a pool	Pre-Configured	300%
min_apr	the minimun minMaturityRate of a pool	Pre-Configured	3%
blocks_per_year	The amount of blocks per year of a blockchain	Pre-Configured	varies by blockchain
rateCurveConstant	Constant used to calculate borrowAPR	User Defined
borrowLTV	the loan to collateral ratio of the base token	User Defined
collateral mining speed	the mining reward speed	User Defined
mining Token Address	the mining reward token	User Defined
collateral token address	the base token address	User Defined
borrowEnable	this defines if the asset could be borrowed or not	User Defined
withdrawEnable	this defines if the asset could be withdrew or not	User Defined
maturity date (Collateral)	this defines the time when base token could be withdrew	User Defined
maximum utilization to calculate borrow APR	this defnes the maximum borrow APR of the HODLer market	User Defined
mining_length	it is the period of time for distributing mining rewards, the unit is in a block	User Defined