Intro
Wrapped Bitcoin (WBTC) and Wrapped Ether (WETH) are asset representations of the two largest cryptocurrencies by market cap, enabling users to deploy their BTC and ETH exposure across lending, borrowing, and yield strategies.
Implementation
Leveraging the NTT framework, users will be able to move WBTC and WETH from Ethereum to Algorand and vice versa seamlessly via https://xportal.folks.finance/. Native ETH is also supported, no need to manually wrap it before bridging.
Pool parameters
WBTC asset ID: 3495558025
WETH asset ID: 3495722210
| Pool Parameters | WETH | WBTC | ||
|---|---|---|---|---|
| Variable Base (RV0) | 0% | 0% | ||
| Variable Slope 1 (RV1) | 2.25% | 4% | ||
| Variable Slope 2 (RV2) | 100% | 100% | ||
| Stable Additional Base Rate (RS0) | 3% | 3% | ||
| Stable Slope 1 (RS1) | 2.25% | 5% | ||
| Stable Slope 2 (RS2) | 100% | 100% | ||
| Stable Excess Rate (RS3) | 25% | 25% | ||
| Optimal Utilisation Ratio (Uopt) | 80% | 45% | ||
| Optimal Stable to Total Debt Ratio (Oratio) | 20% | 20% | ||
| Rebalance Up Utilisation Ratio (URU) | 95% | 95% | ||
| Rebalance Up Deposit Interest Rate Percentage (DIRRU) | 5% | 5% | ||
| Rebalance Down Delta (RD) | 20% | 20% | ||
| Retention Rate (RR) | 15% | 15% | ||
| Flash Loan Fee | 0.10% | 0.10% | ||
| Borrow Cap ($) | $3,000,000 | $3,000,000 | ||
| Single Stable Borrow Percentage Cap | 5.00% | 5.00% | ||
| Loan Parameters | WETH | WBTC | ||
| Collateral Factor | 75.00% | 65.00% | ||
| Borrow Factor | 100.00% | 100.00% | ||
| Collateral Cap ($) | $5,000,000 | $5,000,000 | ||
| Liquidation Max | 50.00% | 50.00% | ||
| Liquidation Bonus | 5.00% | 7.50% | ||
| Liquidation Fee | 10.00% | 10.00% |