# Parameters The hard module has the following parameters: | Key | Type | Example | Description | | ------------------------------ | ------------------------------------- | ------------- | ----------------------------------------------------------------------------| | MoneyMarkets | array (MoneyMarket) | [{see below}] | array of params for each supported market | | CheckLtvIndexCount | int | 6 | Number of borrow positions to check for liquidation in each begin blocker | Each `MoneyMarket` has the following parameters | Key | Type | Example | Description | | ------------------------- | ------------------ | ---------------------- | --------------------------------------------------------------------- | | Denom | string | "bnb" | coin denom of the asset which can be deposited and borrowed | | BorrowLimit | BorrowLimit | [{see below}] | borrow limits applied to this money market | | SpotMarketID | string | "bnb:usd" | the market id which determines the price of the asset | | ConversionFactor | Int | "6" | conversion factor for one unit (ie BNB) to the smallest internal unit | | InterestRateModel | InterestRateModel | [{see below}] | Model which determines the prevailing interest rate per block | | ReserveFactor | Dec | "0.01" | Percentage of interest that is kept as protocol reserves | | AuctionSize | Int | "1000000000" | The maximum size of an individual auction | | KeeperRewardPercentage | Dec | "0.02" | Percentage of deposit rewarded to keeper who liquidates a position | Each `BorrowLimit` has the following parameters | Key | Type | Example | Description | | --------------------- | ------------------ | ---------------------- | ------------------------------------------------------------------------ | | HasMaxLimit | bool | "true" | boolean for if a maximum limit is in effect | | MaximumLimit | Dec | "10000000.0" | global maximum amount of coins that can be borrowed | | LoanToValue | Dec | "0.5" | the percentage amount of borrow power each unit of deposit accounts for | Each `InterestRateModel` has the following parameters | Key | Type | Example | Description | | ---------------- | ------ | ------- | ---------------------------------------------------------------------------------------------------------------- | | BaseRateAPY | Dec | "0.0" | the base rate of APY interest when borrows are zero. | | BaseMultiplier | Dec | "0.01" | the percentage rate at which the interest rate APY increases for each percentage increase in borrow utilization. | | Kink | Dec | "0.5" | the inflection point of utilization at which the BaseMultiplier no longer applies and the JumpMultiplier does. | | JumpMultiplier | Dec | "0.5" | same as BaseMultiplier, but only applied when utilization is above the Kink |