> For the complete documentation index, see [llms.txt](https://docs.smardex.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.smardex.io/ultimate-synthetic-delta-neutral/the-usdn-protocol/protocol-parameters.md).

# Protocol parameters

This page brings together all parameter values in the protocol.

* **Fee collector: `0x1E3e1128F6bC2264a19D7a065982696d356879c5`**
* **Min Leverage:** `1.1x`
* **Max Leverage:** `25x`
* **Low Latency Validator Deadline:** `15 minutes`
* **On-Chain Validator Deadline:** `65 minutes`
* **Safety Margin:** `2%`
* **Protocol Fee:** `8%`
* **Rebalancer Bonus:** `60%`
* **Liquidation Penalty:** `200 ticks (around 2.02%)`
* **EMA Period:** `5 days`
* **Funding Scaling Factor:** `0.12`
* **Fee Threshold:** `1 ether`
* **Open Exposure Imbalance Limit:** `4%`
* **Withdrawal Exposure Imbalance Limit:** `6%`
* **Deposit Exposure Imbalance Limits:** `4%`
* **Close Exposure Imbalance Limit:** `6%`
* **Rebalancer Close Exposure Imbalance Limit:** `2.5%`
* **Long Imbalance Target:** `3%`
* **Position Fee:** `0.04%`
* **Vault Fee:** `0.04%`
* **SDEX Rewards Ratio:** `1%`
* **SDEX Burn On Deposit Ratio:** `5%`
* **Security Deposit Value:** `0.15 ETH`
* **Min Long Position**: `0.65 wstETH`
* **Usdn Price Target:** `1.0047$`
* **Usdn Rebase Threshold**: `1.005$`