LatteSwap
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Key Parameters
Parameters
Value
Description
Collateral Farming Fees
7%
7% of the rewards earned through staking LP tokens as collateral to mint $FLAT will be charged as Collateral Farming Fees. 3% out of the 7% will go to the Development Fund while the remaining 4% will be used for Buyback & Burn.
Liquidation Penalty
5%
5% of the liquidated debt value will be charged as the Liquidation Penalty. 4% out of the 5% will go to our Buyback & Burn program while the remaining 1% will go to the liquidator.
Borrowing Interest
Varies Depending on Collateral Pool (see here)
The borrowing interest is charged on the outstanding loan and accrues as position debt. 50% of the borrowing interest generated will go towards the surplus fund to help cover for bad debt while the remaining 50% will be used for Buyback & Burn.
Borrow Fee
0%
This is a one-time fee charged every time users borrow FLAT. LatteSwap currently does not charge any Borrow Fee.
Close Factor
50%
This is the maximum amount of the outstanding debt value that can be liquidated in a transaction when a position is subject to liquidation
Minimum Debt Balance
$500
This is the minimum debt balance when opening a $FLAT position.
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