This function returns true if the account passed to it has non-negative liquidity based on the borrow collateral factors. This function returns the current balance of a collateral asset for a specified account in the protocol. This function can be used to supply collateral, supply the base asset, or repay an open borrow of the base asset. The supply function transfers an asset to the protocol and adds it to the account’s balance. An account balance greater than zero indicates the base asset is supplied and a balance less than zero indicates the base asset is borrowed. The base asset can be borrowed using the withdraw function; the resulting borrow balance must meet the borrowing collateral factor requirements.
The only addresses that are allowed to call this function are the Governor and the Pause Guardian. This function pauses the specified protocol functionality in the event of an unforeseen vulnerability. Each deployment outside of Mainnet needs to have a Bridge Receiver and Local Timelock contract on its chain. The Timelock on Mainnet is the administrator of all community sanctioned instances of Compound III. The deployment must have access to on-chain asset prices and governance messages passed from Ethereum Mainnet. If the proposal is approved by the community, the proxy will point to the new implementation upon execution.
Set Supply Interest Rate Slope (High)
The CI is the difference between total amount & principal amount. This number is multiplied with the principal amount to receive the total amount accrued. Insert the values of the metrics in their respective places in the calculator. To use the Compound Interest calculator, you must know these aforementioned three metrics and fill in the correct information in their respective places.
The rate of interest is the extra interest you will have to pay on the loan, let’s say 10%. The number of years you will pay back the loan in, let’s say 10 years. These include the Principle Amount you’ve borrowed or mean to borrow, Let’s say Rs. 10,000. For example, if you add Rs. 10,000 in your account on a 1 percent annual interest, you will earn Rs. 100 in interest after a year, taking the total to Rs. 10,100.
Enter your details to calculate
COMP token-holders designate the Pause Guardian address, which is held by the Community Multi-Sig. This function sets the official contract address of the Comet factory. All instances of Compound III are controlled by the Timelock contract which is the same administrator of the Compound v2 protocol. Compound III is a decentralized protocol that is governed by holders and delegates of COMP.
What is the formula of Compound Interest?
This is a rewards contract which can hold rewards tokens (e.g. COMP, WETH) and allows claiming rewards by users, according to the core protocol tracking indices. This is an extension of the market logic contract which supports some auxiliary/independent interfaces for the protocol. This is the main proxy contract for interacting with the first Compound III market. The initial deployment of Compound III is on Ethereum and the base asset is USDC.
- All contract code and balances are publicly verifiable, and security researchers are eligible for a bug bounty for reporting undiscovered vulnerabilities.
- The Compound Interest calculator uses three metrics, the principal amount, interest rate and the time period of money invested, and a mathematical formula, to calculate the Compound Interest.
- This is used to add additional functionality without requiring contract space in the main protocol contract.
- This function modifies an existing asset’s configuration parameters.
- The online CI calculator is designed to help you align your financial goals & current investments.
Is Supply Paused
Compound III implements a minimum borrow position size which can be found as baseBorrowMin in the protocol configuration. The withdraw method is used to withdraw collateral that is not currently supporting an open borrow. The first is on behalf of the caller, the second is to a separate account, and the third is for a manager on behalf of an account. An account’s present balance can be calculated using the current index with the following formulas. Account balances are stored internally in Comet as principal values (also signed integers).
This function sets the minimum amount of base token that is allowed to be borrowed. This function sets the supply interest rate slope high bound in the approximate amount of seconds in one year. This function sets the supply interest rate slope low bound in the approximate amount of seconds in one year. This function sets the borrow interest rate slope high bound in the approximate amount of seconds in one year. This function sets the borrow interest rate slope low bound in the approximate amount of seconds in one year.
Investments
This function sets the fraction of the liquidation penalty that goes to buyers of collateral instead of the protocol. This function sets the supply interest rate slope base in the approximate amount of seconds in one year. This function sets the borrow interest rate slope base in the approximate amount of seconds in one year. This function sets the official contract address of the protocol’s Comet extension delegate.
Building a Governance Interface
This is the implementation of the Configurator contract, which can also be upgraded to support unforeseen changes to the protocol. This pattern allows do employer season ticket loans help the employee save on tax in the uk significant gas savings for users of the protocol by ‘constantizing’ the parameters of the protocol. This is a proxy contract for the configurator, which is used to set and update parameters of a Comet proxy contract. This is used to add additional functionality without requiring contract space in the main protocol contract.
- Compound III implements a minimum borrow position size which can be found as baseBorrowMin in the protocol configuration.
- This function sets the rate at which base asset supplier accounts accrue rewards.
- This function returns a boolean indicating whether or not the protocol withdraw functionality is presently paused.
- This function updates the liquidation factor for an asset in the protocol.
- This function sets the minimum amount of base token that is allowed to be borrowed.
- This is the factory contract capable of producing instances of the Comet implementation/logic contract, and invoked by the Configurator.
Set Asset Supply Cap
This function returns a boolean indicating whether or not the protocol absorb functionality is presently paused. This function returns a boolean indicating whether or not the protocol withdraw functionality is presently paused. This function returns a boolean indicating whether or not the protocol transfer functionality is presently paused.
Any calculations that involve checking account liquidity, have gas costs that increase with the number of entered markets. The gas usage of the protocol functions may fluctuate by market and user. Note that the supplyRatePerBlock value may change at any time. The Compound protocol contracts use a system of exponential math, Exponential.sol, in order to represent fractional quantities with sufficient precision. We believe that size, visibility, and time are the true test for the security of a smart contract; please exercise caution, and make your own determination of security and change without notice 2020 suitability. The following developer guides and code repositories serve as resources for community members building on Compound.
cToken and Underlying Decimals
Prices and exchange rates are scaled by the decimals unique to each asset; cTokens are ERC-20 tokens with 8 decimals, while their underlying tokens vary, and have a public member named decimals. The Compound protocol contracts use a system of exponential math, ExponentialNoError.sol, depreciation tax shield depreciation tax shield in capital budgeting in order to represent fractional quantities with sufficient precision. You can also see a full list of all deployed contract addresses here. Please join the #development room in the Compound community Discord server; Compound Labs and members of the community look forward to helping you build an application on top of Compound.
Collateral & Borrowing
Imagine you have put Rs. 10,000 in your savings account for 10 years, earning 5% interest per year. For example, you invested Rs. 5,000 in a fixed deposit that compounds interest quarterly with a 10% per annum rate of return. You can calculate the Compound Interest by simply using the Upstox Compound Interest calculator.
The app.compound.finance interface is open-source, and maintained by the community. Plan investments to achieve specific financial goals using compound interest. We do not authorize any person or organization to conduct trades on behalf of Upstox customers. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies. So, in 5 years, you will have a total of Rs. 8,193.08.