Neptune Protocol
  • Neptune Protocol Introduction
  • Protocol Design
    • Navigate the App
    • Overview
    • USDN Stablecoin
    • NPT Protocol Token and Staking
    • NPT Tokenomics
    • Vault Types
    • Redeeming against a vault
    • Peg Stability Module
    • Liquidations & Stability Pool
    • Governance and Immutability
    • Recovery Mode
    • Security
    • Smart Contracts
    • Community
    • Glossary
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  1. Protocol Design

Vault Types

What vault types does Neptune offer?

Before onboarding new vault types, the Neptune community will carefully assess the risks of each collateral (e.g. liquidity & volatility) and set the parameters for the vault.

Users can manager their vaults here: https://neptuneprotocol.xyz/vaults

For each vault there exists various parameters including:

  • Collateral Token: this is the collateral that the Neptune protocol will accept in the vault to mint USDN.

  • Minimum Collateral Ratio (MCR): This is the minimum collateral ratio a vault must maintain before be liquidated.

  • Recovery Mode Collateral Ratio (RMCR): This is the minimum amount that the Vault Type must be collateralised by before entering Recovery Mode and enabling the liquidation of vaults under this collateral ratio.

  • Minimum Debt: This is the minimum debt that must be extended against an individual vault type to be opened.

  • Maximum Debt against Vault Type: This is the total debt against a Vault Type that can be extended. This is used to avoid having too much debt set against a certain type of collateral.

  • Interest Rate: If set to a value other than 0, the vault will accumulate interest over time.

  • Initialization Fee: This is the fee taken during loan initiation.

  • Redeemability: Whether the vault can have collateral redeemed to keep USDN peg. Only the lowest collateral ratio vault for each Vault Type may be redeemed against.

  • Oracle: The oracle price feeds used for this Vault Type.

Neptune Protocol currently supports: $ETH $tETH $SOL $ezSOL $jitoSOL $TIA $stTIA

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Last updated 1 month ago