# Vault Types

Before onboarding new vault types, the Hedge community will carefully assess the risks of each collateral (e.g. liquidity & volatility) and set the parameters for the vault.

For each vault there exists various parameters including:

* **Collateral Token**: this is the collateral that the Hedge protocol will accept in the vault to mint USH.
* **Minimum Collateral Ratio (MCR)**: This is the minimum collateral ratio a vault must maintain before be liquidated.
* **Recovery Mode Collateral Ratio (RMCR)**: This is the minimum amount that the Vault Type must be collateralised by before entering Recovery Mode and enabling the liquidation of vaults under this collateral ratio.
* **Minimum Debt**: This is the minimum debt that must be extended against an individual vault type to be opened.
* **Maximum Debt against Vault Type**: This is the total debt against a Vault Type that can be extended. This is used to avoid having too much debt set against a certain type of collateral.
* **Interest Rate**: If set to a value other than 0, the vault will accumulate interest over time.
* **Initialization Fee**: This is the fee taken during loan initiation.
* **Redeemability**: Whether the vault can have collateral redeemed to keep USH peg. Only the lowest collateral ratio vault for each Vault Type may be redeemed against. See more details at [redeeming-against-a-vault](https://docs.hedge.so/protocol-overview/redeeming-against-a-vault "mention").
* **Oracle**: The oracle price feeds used for this Vault Type.

The Hedge Protocol currently supports:

<table><thead><tr><th> </th><th>SOL-110</th><th width="118">mSOL-110</th><th width="95">cUSDC-105</th><th width="114">wBTC-110</th><th width="126">soETH-110</th><th width="124">cUSDT-106</th></tr></thead><tbody><tr><td>Vault Collateral</td><td>SOL</td><td>mSOL</td><td>Solend cUSDC</td><td>wBTC</td><td>soETH</td><td>Solend cUSDT</td></tr><tr><td>Interest Rate</td><td>0%</td><td>0%</td><td>2%</td><td>0%</td><td>0%</td><td>1.50%</td></tr><tr><td>Initialization Fee</td><td>0.5%</td><td>0.5%</td><td>0.25%</td><td>0.5%</td><td>0.5%</td><td>0.1%</td></tr><tr><td>MCR</td><td>110%</td><td>110%</td><td>105%</td><td>110%</td><td>110%</td><td>106%</td></tr><tr><td>Recovery Mode Trigger</td><td>150%</td><td>150%</td><td>N/A</td><td>150%</td><td>150%</td><td>N/A</td></tr><tr><td>Redeemable</td><td>Yes</td><td>Yes</td><td>No</td><td>Yes</td><td>Yes</td><td>No</td></tr><tr><td>Min Debt</td><td>200 USH</td><td>200 USH</td><td>50 USH</td><td>200 USH</td><td>200 USH</td><td>50 USH</td></tr><tr><td>Max Total Debt</td><td>1B USH</td><td>100M USH</td><td>10M USH</td><td>1M USH</td><td>1M USH</td><td>2.5M USH</td></tr><tr><td>Oracle</td><td>Pyth, Chainlink, Switchboard</td><td>Pyth</td><td>Solend via Switchboard</td><td>Pyth, Chainlink, Switchboard</td><td>Pyth</td><td>Solend via Switchboard</td></tr></tbody></table>