Step Pool
Step pool offers xSTEP and STEP, allowing for multiple strategies such as borrowing STEP to deposit xSTEP, or depositing large amounts of STEP or xSTEP to unlock capital (SOL/USDC) against them.
There are some smart contract risks present due to the reliance on an external protocol. If Step is exploited and drained, STEP and xSTEP here would likely not get liquidated fast enough and cause socialized losses for lenders.
There is also the risk of oracle exploits, as xSTEP and STEP rely on Switchboard oracles to get up-to-date prices.
Parameter | Value |
|---|---|
Optimal utilization rate (%) | 80% |
Loan to value ratio | 50% |
Liquidation penalty | 10% |
Liquidation threshold | 65% |
Min borrow APR | 0% |
Optimal borrow APR | 30% |
Max borrow APR | 200% |
Interest Rate Spread | 20% |
Borrow fee | 1% |
Flash loan fee | 0.3% |
Host fee percentage | 20% |
Deposit limit | 25,000,000 xSTEP |
User Deposit Limit | 5,000,000 xSTEP |
Borrow limit | None |
Parameter | Value |
|---|---|
Optimal utilization rate (%) | 80% |
Loan to value ratio | 50% |
Liquidation penalty | 10% |
Liquidation threshold | 65% |
Min borrow APR | 0% |
Optimal borrow APR | 30% |
Max borrow APR | 200% |
Interest Rate Spread | 20% |
Borrow fee | 1% |
Flash loan fee | 0.3% |
Host fee percentage | 20% |
Deposit limit | 25,000,000 STEP |
User Deposit Limit | 5,000,000 STEP |
Borrow limit | None |
Parameter | Value |
|---|---|
Optimal utilization rate (%) | 80% |
Loan to value ratio | 75% |
Liquidation penalty | 5% |
Liquidation threshold | 80% |
Min borrow APR | 0% |
Optimal borrow APR | 8% |
Max borrow APR | 200% |
Interest Rate Spread | 20% |
Borrow fee | 0.5% |
Flash loan fee | 0.3% |
Host fee percentage | 20% |
Deposit limit | 50,000 SOL |
User Deposit Limit | None |
Borrow limit | None |
Parameter | Value |
|---|---|
Optimal utilization rate (%) | 80% |
Loan to value ratio | 75% |
Liquidation penalty | 5% |
Liquidation threshold | 80% |
Min borrow APR | 0% |
Optimal borrow APR | 15% |
Max borrow APR | 200% |
Interest Rate Spread | 20% |
Borrow fee | 0.5% |
Flash loan fee | 0.3% |
Host fee percentage | 20% |
Deposit limit | 5,000,000 USDC |
User Deposit Limit | None |
Borrow limit | None |
Last modified 6mo ago