Understanding the applicable mint limit
Last updated
Last updated
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) |
---|---|---|---|---|---|
* These LTV figures are illustrations. Please check protocol parameters for current LTV values
The same determination is made when users are borrowing native assets against a homogeneous or heterogeneous group of Deposit assets.
USDC
98.50%
90%
80%
1000
1000
ETH
98.50%
93%
80%
1
3000
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
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
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