> For the complete documentation index, see [llms.txt](https://docs.wing.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.wing.finance/parameters/peer-to-peer-pool.md).
# Peer-to-Peer Pool
### Collateral Factor
The Collateral Factor is a parameter that limits the maximum amount a user can borrow using a specific asset as [collateral](/glossary.md#collateral). Each asset in the Peer-to-Peer Pool has specific values related to their risk, which influences how they are loaned and borrowed. The calibration of the parameters for Wing Project is more aggressive as the Wing ecosystem is mature with some educated users and liquidators. The table below shows the Collateral Factor of each asset.
For example, if a user supplied $1,000 worth of ETH to Peer-to-Peer Pool, the maximum amount this user can borrow (borrow limit) is $$ $1,000\*82.5% = $825 $$.
### Liquidation Bonus
If a borrower's address reaches 100% of its borrow limit, the borrower's collateral assets will be liquidated. Liquidators can repay loans at the discounts listed below and thus earn liquidation bonus.
### Reserve Factor
Reserve factor is a percentage of borrowers paid interest to be deposited in the Wing DAO Community Fund.
### Parameters in Peer-to-Peer Pool
| | | |
|---|
| Assets | Collateral Factor | Liquidation Bonus | Reserve Factor |
| WETH | 82.5% | 8% | 20% |
| COMP | 65% | 8% | 20% |
| DAI | 83.5% | 8% | 20% |
| USDC | 85.5% | 8% | 20% |
| USDT | 0 | 8% | 20% |
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