environments/prod/params.json. Values shared by every asset — utilization ceiling, borrow-rate curve, funding constants, IM breakpoints, buffer — are listed once under shared parameters; each field’s meaning is in the glossary. Live values come from GET /registry/risk-parameters and GET /registry/assets.
Assets
Margin and caps
Total OI cap is USD notional; spot-margin OI cap and collateral cap are in the asset’s token units (x1e18 onchain). IM factor is shown at the lowest and highest used-open-interest breakpoints; it steps down across the shared breakpoints.
Notes:
- USD (index 0) is never haircut; CF, LF, and IM factor act as 1 in margin math regardless of configured values. See Margin.
- USD is exempt from the total open-interest cap.
- An IM factor of 0 gives the asset no initial-margin credit as collateral. A total OI cap of 0 forces the market reduce-only — no new leveraged open interest. MON is collateral-only at launch.
Funding and borrow caps
maxFundingRate and maxUtilizationRate are 1e6-scaled per-interval charge caps (decoded percent in parentheses); the Registry hard-caps both at 1142 (about 0.114%). maxFundingRate clamps the funding rate on both signs; maxUtilizationRate caps the borrow rate on the base and quote sides alike.
Chains and deposit caps
Per-(asset, chain) asset config. Addresses are the EVM token addresses (routingId 0); deposit caps are in token units (x1e18 onchain), minWeight is a raw target weight. Deposit isolation and weights are covered under Asset parameters, Fungibility, and Rebalancing.
All values are governance-set and change over time. Treat this as a snapshot; read the registry endpoints for live values.