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Market parameters
Every value fixed at deployment, and what each one decides.
All parameters are fixed at deployment. Changing any of them describes a different market at a different address — nothing is upgradable or governable after the fact.
| Parameter | Domain | Description |
|---|---|---|
| base | address | The collateral asset. Anything a v4 pool can hold: majors, long-tail tokens, RWAs, wrapped positions. |
| quote | address | The lend side. Bids, loans, fees, and settlement are all denominated in quote. |
| term | 30d · 90d · 180d | Maximum life of a loan. Every loan in the market shares the term; maturity is absolute (Sec. 09). |
| pending | 24h · 48h · 72h · 7d | The persistence window. A liquidation-triggering move must hold this long before title transfers; within it, recovery reverses the liquidation (Sec. 08). |
| skim | 4% – 20% | Fraction of upward price moves harvested from borrower collateral to amortize debt (Sec. 06). Higher skim suits volatile or yield-bearing collateral. |
| ladder | preset | The initial tick grid: rung spacing below the mark at deployment (conservative / standard / aggressive). Lenders are free to bid at any tick afterwards. |