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FLAT Market
LatteSwap currently allows users to mint $FLAT by putting up PancakeSwap and LatteSwap LP tokens as collateral. Below is a list of all the eligible Collateral Pools for borrowing FLAT.

LatteSwap Pools

#
DEX
Collateral Pool
Max Loan-to-Value (LTV)
Max Debt
Borrowing Interest
1
LatteSwap
USDT-BUSD
80%
1,000,000
2.5%
2
LatteSwap
BNB-BUSD
70%
750,000
2.5%
3
LatteSwap
BTCB-BUSD
70%
1,000,000
2.5%

PancakeSwap Pools

#
DEX
Collateral Pool
Max Loan-to-Value (LTV)
Max Debt
Borrowing Interest
1
PancakeSwap
USDT-BUSD
80%
5,000,000
2.5%
2
PancakeSwap
BNB-BUSD
70%
5,000,000
2.5%
3
PancakeSwap
BTCB-BUSD
70%
5,000,000
2.5%
At launch, we will will only allow USDT-BUSD LP tokens to be used as collateral risks from asset price movement from potential market volatility. Once the module has stabilized, we will expand the list of eligible collateral pools.

Key Terms

  • Collateral Pool: This is the eligible pool whose LP tokens can be put up as collateral to borrow $FLAT
  • Max Loan-to-Value (LTV): This is a key parameter that determines how many FLAT can be borrowed based on the collateral market value. The collateral value multiplied by the Collateral Pool's Max LTV is the maximum amount of FLAT a user can borrow.
  • Max Debt: This is the debt ceiling for each Collateral Pool. At any given point in time, the $FLAT in circulation that is minted from each collateral pool cannot exceed the pool's Max Debt value.
  • Borrowing Interest: The borrowing interest is charged on the outstanding loan and accrues as position debt. The borrowing interest is displayed in APR.