Risk Parameters per Asset

Each asset in the Bonzo Finance protocol has configurable risk parameters, which influences how they are supplied and borrowed. The calibration of the parameters will be conservative as the protocol launches, to ensure safety, and become more aggressive as the Bonzo Finance ecosystem matures with educated users, greater liquidity, and a thriving liquidation ecosystem.

The table below offers a summary of the latest risk parameters per asset:

Asset	Loan-to-Value (LTV)	Liquidation Threshold	Liquidation Bonus	Reserve Factor	Borrow Cap
$HBAR	62.72%	67.98%	1.98%	11.68%	57,034,268
$HBARX	62.98%	68.28%	1.18%	10.14%	9,641,854
$USDC	80.45%	83.50%	7.40%	13.50%	3,449,222
$SAUCE	62.41%	68.04%	3.95%	14.60%	4,376,629
$XSAUCE	61.83%	67.59%	3.95%	10.94%	18,755,218
$KARATE	50.00%	57.00%	3.46%	19.60%	750,000,000
$DOVU	50.00%	59.00%	6.66%	17.25%	102,000,000
$PACK	50.00%	57.00%	6.91%	12.97%	2,514,592
$HST	45.00%	52.00%	6.17%	15.22%	12,537,875
$STEAM	50.00%	57.00%	8.14%	13.88%	11,372,200
$GRELF	50.00%	59.00%	6.66%	17.25%	500,000
$KBL	50.00%	57.00%	6.66%	17.25%	13,000,000
$BONZO	50.00%	59.00%	6.66%	17.25%	5,000,000

The table above results from the asset risk assessment relating to security, governance and the markets. Tokens with high risk exposure to single counter-parties cannot be used as collateral.

Risk Parameter Changes

When market conditions change, risks change; Bonzo Finance is continuously monitoring the assets integrated into the protocol, which sometimes requires quickly adapting the risk parameters. The table below tacks parameter changes over time.

Date	Asset	Parameter Changed	From	To
01/31/2025	$USDC $HBAR	Borrow Cap	1,017,153 12,696,906	2,314,729 65,424,962
12/14/2024	$USDC	Borrow Cap	1,005,373	1,017,153
12/16/2024	$USDC	Borrow Cap	1,017,153	691,146
12/18/2024	$HBAR $HBARX $USDC $SAUCE $XSAUCE $KARATE $DOVU $PACK $HST $STEAM	Borrow Cap	9,268,465 14,975,362 691,146 2,455,823 13,917,964 117,808,061 89,258,923 873,709 12,065,370 5,585,154	12,696,906 23,338,766 713,273 4,751,002 20,411,784 98,497,690 101,194,454 811,403 8,458,395 7,389,362
12/20/2024	$HBAR $HBARX $USDC $SAUCE $XSAUCE $KARATE $DOVU $PACK $HST $STEAM	Borrow Cap	12,696,906 23,338,766 713,273 4,751,002 20,411,784 98,497,690 101,194,454 811,403 8,458,395 7,389,362	13,147,016 23,934,448 745,902 5,440,193 20,566,527 170,317,292 101,344,300 812,343 8,454,396 7,801,459
12/23/2024	$USDC	Borrow Cap	745,902	1,335,740
12/27/2024	$HBAR $HBARX $USDC $SAUCE $XSAUCE $KARATE $DOVU $PACK $HST $STEAM	Borrow Cap	13,147,016 23,934,448 1,335,740 5,440,193 20,566,527 170,317,292 101,344,300 812,343 8,454,396 7,801,459	12,874,870 23,930,116 696,641 5,020,146 21,258,578 456,725,925 251,807,558 1,928,615 20,254,780 19,076,860
1/8/2025	$HBAR $HBARX $USDC $SAUCE $XSAUCE $KARATE $DOVU $PACK $HST $STEAM	Borrow Cap	12,874,870 23,930,116 696,641 5,020,146 21,258,578 456,725,925 251,807,558 1,928,615 20,254,780 19,076,860	13,493,843 25,712,671 1,257,182 4,085,167 20,768,560 457,526,473 259,530,259 1,814,378 20,294,813 20,879,107
1/13/2025	$KARATE $DOVU $PACK $HST $STEAM	Loan-to-Value (LTV)	0.01% 0.01% 0.01% 0.01% 0.01%	30.00% 30.00% 30.00% 30.00% 30.00%
1/13/2025	$KARATE $DOVU $PACK $HST $STEAM	Liquidation Threshold	0.02% 0.02% 0.02% 0.02% 0.02%	41.00% 43.50% 43.00% 48.00% 43.00%
1/25/2025	$HBAR $USDC	Borrow Cap	13,493,843 1,257,182	27,989,525 2,138,912
1/28/2025	$HBAR $USDC	Borrow Cap	27,989,525 2,138,912	65,424,962 2,314,729
2/2/2025	$HBAR $HBARX $USDC $SAUCE $XSAUCE $KARATE $DOVU $PACK $HST $STEAM	Borrow Cap	65,424,962 25,712,671 2,314,729 4,085,167 20,768,560 457,526,473 259,530,259 1,814,378 20,294,813 20,879,107	57,034,268 9,641,854 1,783,375 4,376,629 18,755,218 950,959,650 296,716,240 1,941,454 21,932,392 19,715,165
2/14/2025	$USDC $KARATE $DOVU $HST $STEAM	Borrow Cap	1,783,375 950,959,650 296,716,240 21,932,392 19,715,165	1,875,300 218,118,366 83,682,008 12,537,875 11,208,478
3/18/2025	$USDC $KARATE $DOVU $PACK $STEAM	Borrow Cap	1,875,300 218,118,366 83,682,008 1,941,454 11,208,478	2,941,539 750,000,000 102,000,000 2,514,592 11,372,200
3/18/2025	$HBARX $USDC $XSAUCE	Reserve Factor	14.58% 10.40% 12.86%	10.14% 13.50% 10.94%
3/18/2025	$KARATE $DOVU $PACK $HST $STEAM	Loan-to-Value (LTV)	30.00% 30.00% 30.00% 30.00% 30.00%	45.00% 45.00% 50.00% 45.00% 45.00%
3/18/2025	$KARATE $DOVU $PACK $HST $STEAM	Liquidation Threshold	41.00% 43.50% 43.00% 48.00% 43.00%	52.00% 52.00% 57.00% 52.00% 52.00%
3/25/2025	$GRELF	Loan-to-Value (LTV) Liquidation Threshold Liquidation Bonus Reserve Factor Borrow Cap	New Asset	30.00% 43.00% 6.66% 17.25% 656,716
3/26/2025	$GRELF	Borrow Cap	656,716	160,000
4/1/2025	$USDC	Borrow Cap	2,941,539	3,449,222
4/24/2025	$KBL	Loan-to-Value (LTV) Liquidation Threshold Liquidation Bonus Reserve Factor Borrow Cap	New Asset	30.00% 43.00% 6.66% 17.25% 29,200,000
4/25/2025	$KBL	Borrow Cap	29,200,000	5,000,000
5/1/2025	$BONZO	Loan-to-Value (LTV) Liquidation Threshold Liquidation Bonus Reserve Factor Borrow Cap	New Asset	30.00% 43.00% 6.66% 17.25% 3,500,000
5/13/2025	$KARATE $DOVU $STEAM $BONZO $GRELF $KBL	Loan-to-Value (LTV)	45.00% 45.00% 45.00% 30.00% 30.00% 30.00%	50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
5/13/2025	$KARATE $DOVU $STEAM $BONZO $GRELF $KBL	Liquidation Threshold	52.00% 52.00% 52.00% 52.00% 43.00% 43.00%	57.00% 59.00% 57.00% 59.00% 59.00% 57.00%
5/13/2025	$BONZO $GRELF $KBL	Borrow Cap	3,500,000 160,000 5,000,000	5,000,000 500,000 13,000,000