Modify Liquidation Parameters
This poll type is yet to be supported by the official Anchor WebApp.
The Modify Liquidation Parameters poll type allows Anchor governance to calibrate parameter values that control the mechanics of collateral liquidation. 5 parameters
Safe Ratio, Bid Fee, Max Premium Rate, Partial Liquidation Threshold, and Valid Price Timeframe constitute the control mechanism of liquidating collaterals.The
Safe Ratio is the target risk ratio of a liquidated loan position, defined as the ratio of (Borrow Amount) to (Borrow Limit). A low Safe Ratio value allows for the fast liquidation of collaterals while incurring a high price impact for the collateral, while a low Safe Ratio value enforces liquidations with lower collateral price impact, albeit with slower collateral liquidation.The
Bid Fee parameter determines the commission rate on executed bids, which is used to purchase ANC tokens.The
Max Premium Rate is the maximum rate of premium that bidders can submit. Partial Liquidation Threshold is defined as the threshold total collateral value to trigger partial collateral liquidations. Loan positions with a total collateral value below this threshold have their collaterals fully liquidated at once, resetting their risk ratio to 0.Valid Price Timeframe determines the freshness limit for oracle price data. Oracle price data is considered invalid (halts all collateral liquidations) when the most recent price data is older than Valid Price Timeframe.Parameter Name | Description |
Safe Ratio | Targeted risk ratio of a liquidated loan |
Bid Fee | Protocol commission on executed bids used to purchase ANC |
Max Premium Rate | Maximum bid premium rate value submittable by bidders |
Partial Liquidation Threshold | Threshold total collateral value to trigger partial collateral liquidations |
Valid Price Timeframe | Time window before the Liquidation Contract considers oracle price data invalid |
Parameter Name | Human-Readable Value | Raw Value (In Contract State) |
Safe Ratio | 80% | 0.8 |
Bid Fee | 1% | 0.01 |
Max Premium Rate | 15% | 0.15 |
Partial Liquidation Threshold | 2,000 UST | 2000000000 (uusd) |
Valid Price Timeframe | 60 seconds | 60 |
Parameter Name | Human-Readable Value | Raw Value (In Contract State) |
Safe Ratio | 80% | 0.8 |
Bid Fee | 1% | 0.01 |
Max Premium Rate | 30% | 0.3 |
Partial Liquidation Threshold | 500 UST | 500000000 (uusd) |
Valid Price Timeframe | 60 seconds | 60 |
Field | Description | Optionality |
Title | Poll title | Required |
Proposal Rationale | Short description of poll rationale | Required |
Information Link | External URL for further information | Optional |
Safe Ratio | Proposed risk ratio target for a liquidated loan | Optional |
Bid Fee | Proposed protocol commission on executed bids used to purchase ANC | Optional |
Max Premium Rate | Proposed maximum bid premium rate value submittable by bidders | Optional |
Partial Liquidation Threshold | Proposed threshold total collateral value to trigger partial collateral liquidations | Optional |
Valid Price Timeframe | Proposed time window before the Liquidation Contract considers oracle price data invalid | Optional |
Last modified 1yr ago