Understanding the applicable mint limit

When multiple native assets are supplied as collateral to mint SuTokens, the system by design gives preference to the homogeneous group over a heterogeneous group while determining the mint limit.

Let us look at a few scenarios;

  • Deposit Asset

Deposit
Intra suLTV
Intra LTV
Inter LTV
Asset Amount
Collateral Value (USD)

USDC

98.50%

90%

80%

1000

1000

ETH

98.50%

93%

80%

1

3000

* These LTV figures are illustrations. Please check protocol parameters for current LTV values

Mint Limit immediately after deposit of asset - SuUSD

SuToken to be minted

SuUSD

SuToken minted against Deposit Assets

0

Homogeneous Deposit Asset Value (USDC)

1000 USD

Mint Limit @ 98.5% Intra SuLTV

985 USD

Heterogenous Deposit Asset Value (ETH)

3000 USD

Mint Limit @80% Inter LTV

2400 USD

Total Mint Limit Available

3385 USD

Mint Limit immediately after Deposit of asset - SuETH

SuToken to be minted

SuETH

SuToken minted against Deposit Assets

0

Homogeneous Deposit Asset Value (ETH)

3000 USD

Mint Limit @ 98.5% Intra SuLTV

2955 USD

Heterogenous Deposit Asset Value (USDC)

1000 USD

Mint Limit @80% Inter LTV

800 USD

Total Mint Limit Available

3755 USD

Mint Limit of SuUSD after minting SuETH

SuToken to be minted

SuUSD

SuToken already minted against Deposit Assets

SuETH

Present Value of Minted SuToken

0.4925 SuETH (1477.5 USD)

Deposit Asset available to Mint (USDC)

1000 USDC (1000 USD)

Deposit Asset available to Mint (ETH)

0.5 ETH (1500 USD)

Homogeneous Deposit Asset Value (USDC)

1000 USD

Mint Limit @ 98.5% Intra SuLTV

985 USD

Heterogenous Deposit Asset Value (ETH)

1500 USD

Mint Limit @80% Inter LTV

1200 USD

Total Mint Limit Available

2185 USD

Overall SuTokens after both Mints

2185 SuUSD, 0.4925 SuETH

The same determination is made when users are borrowing native assets against a homogeneous or heterogeneous group of Deposit assets.

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