Summary
This publication is intended to give the community an overview of the decision to add wMPL to Folks Finance.
Abstract
wMPL (Wormhole) is a bridged version of MPL on Algorand. MAPLE is the native token of Maple Finance protocol used for participating in governance, earning fees, and staking.
wMPL will only be added as a borrowable asset, which means it will have Collateral Factor (CF) of 0%
Motivation
The addition of wMPL to Folks Finance represents the start of a strategic partnership between the Maple Finance and Folks Finance team.
-
Attracting Capital: Folks Finance received interest on this listing which will translate into new liquidity coming to Algorand and increasing the protocol TVL
-
Asset Diversification: The listing of wMPL expands the range of assets available on Folks Finance. This gives users more choice and diversification options. Liquidity providers can benefit from new investment opportunities for their strategies and other products that could be developed using wMPL. Traders and investors can create more complex and tailored investment strategies, leveraging wMPL in combination with other assets on the platform.
-
Cross-pollination: The wMPL listing will create a link between the two communities, leading to new user acquisition and potential new partnerships.
Specification
Ticker: wMPL(Wormhole)
ASA ID: 1163259470
| Parameter | Value |
|---|---|
| Collateral Factor | 0% |
| Borrow Factor | 120% |
| Liquidation Max | 50% |
| Liquidation Bonus | - |
| Liquidation Fee | - |
| Collateral Cap ($) | - |
| Variable Base Rate (RV0) | 0% |
| Variable Slope 1 Rate (RV1) | 8.5% |
| Variable Slope 2 Rate (RV2) | 200% |
| Stable Additional Base Rate (RS0) | 1% |
| Stable Slope 1 Rate (RS1) | 2% |
| Stable Slope 2 Rate (RS2) | 200% |
| Stable Excess Rate (RS3) | 40% |
| Optimal Utilisation Ratio (Uopt) | 55% |
| Optimal Stable to Total Debt Ratio (Oratio) | 20% |
| Rebalance Up Utilisation Ratio (URU) | 85% |
| Rebalance Up Deposit Interest Rate Percentage (DIRRU) | 47.5% |
| Rebalance Down Delta (RD) | 20% |
| Retention Rate (RR) | 10% |
| Flash Loan Fee | 0.1% |
| Borrow Cap ($) | 50,000 |
| Single Stable Borrow Percentage Cap | 6.5% |
. I think there are much more needed tokens first in line, like GOLD$, SILVER$, goUSD and xUSD. This sounds weird and questions how these tokens are selected. makes no sense.