> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/protocol/parameters.md).

# Parameters and bounds

Every adjustable parameter has a bound fixed in the contract. The registry's owner can move a value inside its bound and never outside it.

## Vault layer

| Parameter                       | Default                      | Bound                                    | Set by       |
| ------------------------------- | ---------------------------- | ---------------------------------------- | ------------ |
| Allowed terms                   | 7 and 21 days                | At most 8 terms, each 1 to 30 days       | Registry     |
| Grace window                    | 48 h on mainnet              | ≥ 24 h, fixed per deployment             | Compile time |
| Protocol fee                    | 1%                           | ≤ 200 bps                                | Registry     |
| Maximum listing expiry          | open-ended in the app        | ≤ 7 days when set                        | Compile time |
| Minimum deal size               | per asset, 100 USDG proposed | Per asset                                | Registry     |
| Per-deal maximum                | 2% of pool depth (1% memes)  | Raw units, per asset                     | Registry     |
| Per-asset open cap              | 10% of pool depth (5% memes) | Raw units, per asset                     | Registry     |
| In-range required for positions | off                          | Boolean                                  | Registry     |
| Meme pair assets                | stocks only                  | Any non-empty subset of STOCK, USDG, ETH | Registry     |
| New deals paused                | off                          | Touches only list and fund               | Registry     |
| Registry owner                  | Deployment wallet            | One owner EOA                            | Deployment   |

## Token layer

| Parameter                             | Default                                               | Bound                                            | Set by            |
| ------------------------------------- | ----------------------------------------------------- | ------------------------------------------------ | ----------------- |
| sGAGE supply                          | 5,000,000,000                                         | Minted once. Only ever decreases                 | Compile time      |
| Emissions reserve                     | 4.0B                                                  | Fixed at deployment                              | Deployment        |
| Pool seed                             | 1.0B                                                  | Paired with the GAGE bought at launch            | Deployment        |
| Emission schedule                     | 52 weeks, 10% weekly decay                            | Table in the contract                            | Compile time      |
| Epoch                                 | 1 week                                                | Fixed                                            | Compile time      |
| Emissions split, deals : liquidity    | 60 : 40                                               | Per epoch, within bounds                         | Registry owner    |
| Deal budget split, 21-day : 7-day     | 70 : 30                                               | Per epoch                                        | Registry owner    |
| Lender : borrower reward split        | 50 : 50                                               | Per epoch                                        | Registry owner    |
| Deal reward rate, per term            | Posted weekly                                         | Reward ≤ 80% of the fee paid at the posted price | Registry owner    |
| Drip curve                            | Quadratic over the term, 7 days for liquidity rewards | Fixed                                            | Compile time      |
| GAGE/sGAGE pool                       | Uniswap v4, 3% static fee, tick spacing 60            | Fixed at pool creation                           | Deployment        |
| Seed timelock                         | 365 days                                              | Fixed                                            | Deployment        |
| Fee purchase max impact per hop       | 1%                                                    | Fixed                                            | Compile time      |
| Fee purchase threshold                | 100 USDG per bucket                                   | 10–10,000 USDG                                   | Deployment wallet |
| Creator fee split, floor : operations | 50 : 50                                               | Fixed                                            | Deployment        |
| Floor band                            | 480 ticks under the market, about 5%                  | Fixed                                            | Compile time      |

## Interface

| Parameter                           | Default                                            | Bound                 |
| ----------------------------------- | -------------------------------------------------- | --------------------- |
| Suggested cap, stocks and positions | 90% of value                                       | Suggestion only       |
| Suggested cap, memes                | 70% of value                                       | Suggestion only       |
| Reinvest slippage                   | 1%                                                 | ≤ 5%, user-adjustable |
| Reminders                           | 48, 24, 6 and 1 hours before expiry, and at expiry |                       |


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