# BTCETH Perp Pool

## Overview

The [BTCETH Perpetual Liquidity Pool](https://app.dem.exchange/vaults/2/deposit) is designed to facilitate liquidity in perpetual markets for both Bitcoin (BTC) and Ethereum (ETH) as they are the top 2 largest tokens with the most liquidity. 

### Key Parameters

* **Pool ID**: 2
* **Name**: BTCETH Perpetual Pool
* **Deposit Token**: cgt/1 ($USDG | Carbon Grouped USD)
* **Yield-Bearing Pool Token**: cplt/2 ($CPLT-2 | BTCETH Perp Pool)
* **Vault Address**: `swth1cseyz9v4krrajpea33u35gxzxm7gu0ltyvqv8e`
* **Supply Cap**: $400,000
* **Deposit Fee**: 0%
* **Withdrawal Fee**: 0%
* **Base Borrow Fee % per Funding Interval (1 min)**: 0.0000016

### Registered Markets

The BTCETH Perp Pool is **non-dynamic** and will only be used to provide liquidity for the following perpetual markets:

1. [**ETH Market**](https://app.dem.exchange/trade/ETH-PERP) **(cmkt/117)**
2. [**BTC Market**](https://app.dem.exchange/trade/BTC-PERP) **(cmkt/118)**

### Market Operations

#### Liquidity Utilization

Both markets have a max liquidity ratio of 1.0, meaning that the full amount of deposited liquidity can be utilized for each market.

#### Market-Making Strategy

The pool uses a sophisticated quote shape configuration which you can view [here](https://api.carbon.network/carbon/perpspool/v1/pools), involving various quote price types and ratios to optimize the market-making strategy. 

Other key parameters can be found in this link: <https://api.carbon.network/carbon/perpspool/v1/pools>


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