VolumeFi / paloma

The fast blockchain messenger protocol
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Leverage Lending Bot Front-End N is not editable and the Health Threshold is unclear #1084

Closed taariq closed 10 months ago

taariq commented 10 months ago

See the picture attached here:

  1. User wants to specify bands: I need to specify number of bands. N=4 for max leverage Are we able to adjust the amount by the number of bands? Also, is our max leverage more than n=4?
  2. And I did not understand what health threshold is lol. It's not clear what this is and what it does. "The health threshold should be lower than current position health. If the loan reaches the health factor, all the collateral added will be swapped to collateral and added to the loan position." Is not clear what this does. If this automatically adds collateral to the loan position, then we need to make this clear. Maybe change the label from Health Threshold to Collateral Support Level or similar?
  3. See pic

Image

verabehr commented 10 months ago

@fieldtheory123 what about this rewrite for point 2. The health threshold should be lower than current loan health. If the loan health drops below the health threshold, all the unused collateral will be added to the loan position to improve loan health.

I'm not sure I agree with his label suggestion, but happy to rename it if that's clearer

fieldtheory123 commented 10 months ago

@verabehr Looks great to me. I also don't agree with his label suggestion. It is very technical and he will be the only one who understands it. Maybe we could use it as the label and add leverage / borrowed amount in parenthesis?

taariq commented 10 months ago

Let's change it to what the thing does instead of a directive to the user.

"Deleverage Level: This is the health level when the bot will automatically close the position and return crvUSD to the user."

verabehr commented 10 months ago

@taariq @fieldtheory123 added all points discussed in Discord here https://github.com/VolumeFi/paloma/issues/1083 Closing this ticket