> For the complete documentation index, see [llms.txt](https://etherfi.gitbook.io/etherfi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://etherfi.gitbook.io/etherfi/products/borrow/lending-market-parameters.md).

# Lending Market Parameters

## Supported assets and parameters

{% hint style="warning" %}
This feature is coming soon. Market parameters are liable to change.
{% endhint %}

For each asset there are a few parameters defined in the Lending Protocol spoke:

* Collateral factor (CF): The fraction of an asset's value that counts as borrowing power
* Max liquidation bonus: The cap on the discount a liquidator receives when claiming collateral
* Liquidation fee: The protocol's cut of the liquidation bonus
* Collateral risk: A per-asset score that prices how risky an asset is to lend against, increases the interest premium

<table><thead><tr><th width="140.8828125">Asset</th><th>CF</th><th>Max liq. bonus</th><th>Liq. fee</th><th>Collateral risk</th><th>borrowable</th></tr></thead><tbody><tr><td>USDC</td><td>85%</td><td>5%</td><td>10%</td><td>0 bps</td><td>yes</td></tr><tr><td>USDT</td><td>85%</td><td>5%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>EURC</td><td>85%</td><td>7.5%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>frxUSD</td><td>85%</td><td>7.5%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>weETH</td><td>75%</td><td>10%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>wETH</td><td>75%</td><td>10%</td><td>10%</td><td>0 bps</td><td>yes</td></tr><tr><td>eBTC</td><td>72%</td><td>12.5%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>ETHFI</td><td>40%</td><td>15%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>sETHFI</td><td>40%</td><td>20%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>OP</td><td>40%</td><td>15%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>wHYPE</td><td>65%</td><td>12.5%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>beHYPE</td><td>60%</td><td>15%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>LiquidETH</td><td>70%</td><td>15%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>LiquidBTC</td><td>70%</td><td>15%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>LiquidUSD</td><td>80%</td><td>10%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>LiquidReserve</td><td>80%</td><td>10%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>LiquidEUR</td><td>80%</td><td>12.5%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>LiquidRWA</td><td>80%</td><td>12.5%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>QQQ</td><td>78%</td><td>10%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>SPY</td><td>78%</td><td>10%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>PAXG</td><td>80%</td><td>10%</td><td>10%</td><td>0 bps</td><td>no</td></tr><tr><td>TBill</td><td>80%</td><td>10%</td><td>10%</td><td>0bps</td><td>no</td></tr></tbody></table>

eUSD is being wound down as a lending market asset. It no longer counts as collateral and no new supplies are accepted. Existing balances can still be withdrawn.

### Interest curves

The interest rate curve is two straight lines with fixed slopes, the interest rate transitions between slopes when the market utilisation reaches the kink threshold.

| Asset | Liquidity fee | Kink | Base  | slope 1 | slope 2 |
| ----- | ------------- | ---- | ----- | ------- | ------- |
| USDC  | 30%           | 85%  | 3.00% | 1.25%   | 10%     |
| WETH  | 30%           | 85%  | 1.00% | 1.50%   | 14%     |

### Global liquidation config

| Parameter                   | Value |
| --------------------------- | ----- |
| Target health factor        | 1.24  |
| Health factor for max bonus | 0.90  |
| Liquidation factor          | 0.9   |

## Contract details

<table><thead><tr><th width="181.84375">Contract</th><th width="479.859375">Address</th></tr></thead><tbody><tr><td>AaveV4Lens</td><td><code>0x35Ba1a778359421F2757154a35BD4881AcE98C91</code></td></tr><tr><td>Spoke</td><td><code>0xdffcC3536D932eb51Df51a7F5FA407c4270d5308</code></td></tr><tr><td>Hub</td><td><code>0x66753c4e3fC84f1eD0e3C267C927284E9d90C572</code></td></tr></tbody></table>


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