🟥Global Parameters

Global Parameters

Parameter	Value	Description
Reserve pool take rate	20%	Percent of the borrowing interest that is put into the reserve pool. 2.25% (out of 20%) will be put into the insurance fund. 25% (out of 20%) will put info Referral Vault and distribute reward to the corresponding referee. 72.75% (out of 20%) will be put into Camel's treasure fund for now.
Liquidation bonus	5%	Percent of the position value will go to the person that calls liquidate function on underwater positions
Reinvestment bounty (auto compound worker only)	15%+5%	5% (out of 15%) will be put into the insurance fund. 45% (out of 15%) will be used to buy base tokens and put into the lending pool. 50% (out of 15%) will be put into Camel's treasure fund for now. Note: another 5% of the rewards will put info Referral Vault and distribute reward to the corresponding referee.
Performance fees (manual reinvesting worker only)	15%+5%	5% (out of 15%) will be put into the insurance fund. 45% (out of 15%) will be used to buy base tokens and put into the lending pool. 50% (out of 15%) will put into Camel's treasure fund for now. Note: another 5% of the rewards will put info Referral Vault and distribute reward to the corresponding referee.

Minimum Debt Size

The minimum amount of assets that a user can borrow to open a leveraged position.

Deposit Pool	Value
MATIC	100
USDC	100
USDT	100
DAI	100
WBTC	0.001
WETH	0.03

Interest rate model

We employ a triple-slope interest rate model to determine the borrowing interest rate with detail below:

Utilization Range	Interest rate at min. range	Interest rate at max. range	m	b
0% - 50%	0%	20%	0.4	0
50% - 90%	20%	20%	0	0.2
90% - 100%	20%	150%	13	-11.5

$$\text{Interest} = m \cdot \text{utilization} + b$$

Lending interest rate

The lending interest rate is derived from the borrow interest rate. Specifically, 80% of the borrow interest rate then becomes the lending interest rate, as 20% goes to reserves, distributing back to CAMEL stakers for securing Camel's ecosystem.