search
Ctrlk

Accessing Simple Borrowings

hashtag
Case1) Borrow $40 USDT against $100 TON

  • parameter

    • Risk Factor : TON - 40%

    • MaxRiskRatio : 80%, MaxLeverage : 300%

Asset
Supply
Borrow
Net Asset
Risk Value

TON (B = b1)

$100

-

$100

$40

Native (b1)

$100

-

-

-

USDT (C = c1)

-

$40

-$40

$0

Native (c1)

-

$40

-

-

Total Value (B + C)

$100

$40

$60

$40

  • Risk status

    • Risk ratio = total risk value / net asset = $40 / $60 = 66.7% ≤ MaxRiskRatio ⇒ OK

    • Leverage = total supply / net asset = $100 / $60 = 167% ≤ MaxLeverage ⇒ OK

hashtag
case1-1) Borrow +$20 USDT

Asset
Supply
Borrow
Net Asset
Risk Value

TON (B = b1)

$100

-

$100

$40

Native (b1)

$100

-

-

-

USDT (C = c1)

-

$60

-$60

$0

Native (c1)

-

$40 +$20

-

-

Total Value (B + C)

$100

$60

$40

$40

  • Risk status

    • Risk ratio = $40 / $40 = 100% > MaxRiskRatio → Fail

    • Leverage = $100 / $40 = 250% ≤ MaxLeverage

hashtag
case1-2) Borrow +$20 TON

Asset
Supply
Borrow
Net Asset
Risk Value

TON (B = b1)

$100

$20

$80

$32

Native (b1)

$100

+$20

-

-

USDT (C = c1)

-

$40

-$40

$0

Native (c1)

-

$40

-

-

Total Value (B + C)

$100

$60

$40

$32

  • Risk status

    • Risk ratio = $32 / $40 = 80% ≤ MaxRiskRatio ⇒ OK

    • Leverage = $100 / $40 = 250% ≤ MaxLeverage ⇒ OK

hashtag
Case2) Borrow $60 TON against $100 tsTON

  • parameter

    • Risk Factor : TON - 40%, USDT - 0%, LST - 5%

    • MaxRiskRatio : 80%, MaxLeverage : 300%

Asset
Supply
Borrow
Net Asset
Risk Value

DeFi position (A = a1+a2)

-

-

-

-

DEX (a1)

-

-

-

-

Liquid Staking (a2)

$100

-

$100

$5

TON (B = b1 + b2)

$100

$60

$40

$16

Native (b1)

-

$60

-

-

DeFi position (b2, from A)

$100

-

-

-

USDT (C = c1 + c2)

-

-

$0

Native (c1)

-

-

-

-

DeFi position (c2, from A)

-

-

-

-

Total Value (B + C)

$100

$60

$40

$21

  • Risk status

    • Risk ratio = $21 / $40 = 52.5% ≤ MaxRiskRatio ⇒ OK

    • Leverage = $100 / $40 = 250% ≤ MaxLeverage ⇒ OK

hashtag
case2-1) Borrow +$20 TON

Asset
Supply
Borrow
Net Asset
Risk Value

DeFi position (A = a1+a2)

-

-

-

-

DEX (a1)

-

-

-

-

Liquid Staking (a2)

$100

-

$100

$5

TON (B = b1 + b2)

$100

$80

$20

$8

Native (b1)

-

$60+$20

-

-

DeFi position (b2, from A)

$100

-

-

-

USDT (C = c1 + c2)

$0

Native (c1)

-

-

DeFi position (c2, from A)

-

-

Total Value (B + C)

$100

$80

$20

$13

  • Risk status

    • Risk ratio = $13 / $20 = 65% ≤ MaxRiskRatio ⇒ OK

    • Leverage = $100 / $20 = 500% > MaxLeverage → Fail

Last updated