Pool Details

Description of pool parameters and features on MYSO v1

When a pool creator deploys a new pool, the following immutable parameters are needed to be specified for that pool:

• collCcyToken: the collateral currency accepted by the pool (e.g. wETH)

• loanCcyToken: the loan currency accepted by the pool (e.g. USDC)

• loanTenor: the loan tenor for which users can borrow (e.g. 30 days)

• maxLoanPerColl: the maximum loan currency amount one can borrow per pledged collateral unit

• minLoan: the minimum loan size for which borrowing shall be possible

• r1, r2, liquidityBnd1, liquidityBnd2: interest rate model parameters that define how the pool determines its rates

• baseAggrBucketSize: the base aggregation bucket size according to which loans are batched together to enable more efficient claiming

• creatorFee: a fee of at most 30 bps, which is deducted from the collateral that borrowers pledge into the pool and which is sent to the creator

• minLiquidity: a minimum amount of loan currency that is retained within the pool.

After a pool has been created, neither the pool creator nor any third party can control the pool or change any of the set parameters. If parameters aren't properly defined or become outdated due to drastic shifts in collateral price, users may need to deploy a new pool with more suitable parameters.